Which of the Following Statements Regarding Life Insurance Is True

question 33

Multiple Choice

Which of the following statements regarding life insurance is true for the custodial parent after divorce?

• A) A court-ordered alimony or child support award creates an insurable interest
• B) Any alimony or child support agreement creates an insurable interest
• C) Only the payer spouse can own the insurance policy and make premium payments
• D) Life insurance is not a priority item for a divorced client with cash flow challenges

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Definitions:

Iliad

An ancient Greek epic poem attributed to Homer, recounting the significant events of the last weeks of the Trojan War and the Greek siege of the city of Troy.

Solomon

A biblical figure known for his wisdom, wealth, and building projects, traditionally recognized as the third king of Israel.

Bildungsroman

A genre of novel that focuses on the psychological and moral growth of its main character from youth to adulthood, emphasizing character development and self-discovery.

Nihilism

A philosophical doctrine that suggests the lack of belief in one or more reputedly meaningful aspects of life.