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Author Question: Which of the following statements about beneficiary designations is (are) true? I. The primary ... (Read 60 times)

erika

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on: Jul 11, 2018
Which of the following statements about beneficiary designations is (are) true?
 
  I. The primary beneficiary is entitled to the death proceeds of a life insurance policy only if the contingent beneficiary dies before the insured.
  II. If a revocable beneficiary designation is used, the insured must obtain the beneficiary's permission of exercise most policy rights.
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II

Question 2

All of the following statements about the requirements to reinstate a lapsed life insurance policy are true EXCEPT
 
  A) Evidence of insurability is required.
  B) The lapse must have resulted from other than the surrender of the policy for its cash value.
  C) All overdue premiums must be paid along with interest from the premium due dates.
  D) There is no time limit on when the policy may be reinstated.


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T4T

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Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: D

Answer to Question 2

Answer: D


erika

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Reply #2 on: Jul 11, 2018
Thank you


T4T

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Reply #3 on: Jul 11, 2018
No problemo


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