Which Life Insurance Policy Provision Specifies That It Is the Policyowner,and

question 47

Multiple Choice

Which life insurance policy provision specifies that it is the policyowner,and not the insured or beneficiary,who possesses all contractual rights while the policy is in force?

• A)nonforfeiture options
• B)entire contract clause
• C)incontestable clause
• D)ownership clause

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Definitions:

Educated And Wealthy

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Willowbrook State School

A notorious institution in New York where people with intellectual disabilities were subjected to inhumane conditions and unethical medical experiments until its closure in 1987.

Hepatitis

An inflammatory condition of the liver, often caused by viral infections, toxins, medications, or autoimmune conditions.

Deliberately Infected

The act of intentionally exposing someone to a disease-causing organism or pathogen.