For a Life Insurance, the Owner and Beneficiary Cannot Be

question 31

True/False

For a life insurance, the owner and beneficiary cannot be the same person.

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Definitions:

Autonomic Arousal

The activation of the autonomic nervous system, inducing physiological changes such as increased heart rate and blood pressure in response to stimuli.

Conscious Experience

The awareness of one's own thoughts, feelings, sensations, and surroundings at any given moment.

Emotional Theory

A hypothesis or set of ideas attempting to explain the nature, functions, or mechanisms of human emotions.

Physiological Equilibrium

A state of physical balance and internal stability maintained by the body's homeostatic mechanisms against external changes.