The transfer of all ownership rights in a life insurance policy can be accomplished through a(n)
A) absolute assignment.
B) irrevocable beneficiary designation.
C) incontestable clause.
D) participating-policy provision.
Question 2
Sources of life insurance dividends include which of the following? I. Excess interest earned on the assets necessary to maintain legal reserves II. Favorable mortality experience
A) I only
B) II only
C) both I and II
D) neither I nor II