Which of the Following Retained Powers Is Not an "Incident

question 3

Multiple Choice

Which of the following retained powers is not an "incident of ownership" in a life insurance policy?

• A) A power to use the policy as collateral for loans not to exceed one-half its cash value.
• B) A power to select a settlement option spelled out in the policy.
• C) fte power to cancel a group policy indirectly by resigning a position.
• D) A power to veto a change of beneficiary after the transfer of the policy to the current beneficiary.

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Definitions:

Human Factors Psychology

The study of how people interact with products, systems, and environments in order to improve technology, safety, and usability.

Organizational Psychology

A branch of psychology that studies how people interact within groups and how workplaces operate to improve efficiency and productivity.

Person-Environment Fit

A concept in psychology that describes how well an individual's characteristics match the demands and attributes of their external environments, impacting their well-being.

Increased Earnings

A situation or trend where an individual's or organization's income or profits grow over time.