Which of the Following Statements Is True Regarding a Beneficiary

question 34

Multiple Choice

Which of the following statements is true regarding a beneficiary of proceeds under a life insurance policy?

• A) The owner of the policy cannot change the beneficiary designation of an irrevocable beneficiary without the beneficiary's written consent.
• B) If the beneficiary is an irrevocable beneficiary and dies before the insured, his rights pass on to his heirs.
• C) Divorce automatically results in a change of beneficiary.
• D) All beneficiary designations are irrevocable.

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