Which of the Following Statements About Beneficiary Designations Is (Are)true

question 24

Multiple Choice

Which of the following statements about beneficiary designations is (are) true?
I.The primary beneficiary is entitled to the death proceeds of a life insurance policy only if the contingent beneficiary dies before the insured.
II.If a revocable beneficiary designation is used,the policyowner must obtain the beneficiary's permission to change the beneficiary.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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Definitions:

Organizational Agendas

The set of goals, values, or tasks that an organization aims to achieve, which guides its operations and decision-making processes.

Disturbance Handler

A role in which a manager addresses unexpected crises or conflicts that disrupt the operations of the organization.

Collective Agreement

A written contract negotiated between an employer and a union representing the employees, outlining terms and conditions of employment.

Technical Requirements

Specifications or criteria that must be met by a system, design, product, or service to fulfill its intended purpose.