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Insurance Planning Is Not Designed to Protect Your Wealth in Which

question 78

Multiple Choice

Insurance planning is not designed to protect your wealth in which of the following ways?


Definitions:

Assignment

The conveyance of entitlements, properties, or liabilities from one party to a different one.

Delegation

The act of assigning responsibility or authority from one person to another.

Donee Beneficiary

A third party who benefits from a contract made between two other parties, specifically where the intent is to gift a benefit or rights under the contract to the third party.

Promisee

The person to whom a promise is made or a commitment is given.

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