The Changing of a Life Insurance Policy Beneficiary from a Spouse

question 83

True/False

The changing of a life insurance policy beneficiary from a spouse to an adult daughter constitutes a gift for transfer tax purposes.

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Definitions:

Extraversion

A personality trait characterized by outgoingness, high energy, sociability, and a tendency to seek stimulation in the company of others.

Aggression

Behavior intended to harm or injure another being, either physically or psychologically.

Thematic Apperception Test

A projective psychological test in which respondents reveal their underlying motives, feelings, and traits through the stories they make up about ambiguous pictures.

Validity

The degree to which a test or instrument measures what it is intended to measure.