Management Notes

Reference Notes for Management

Which Statement Regarding The Change Of Beneficiary Provision Is True

Which Statement Regarding The Change Of Beneficiary Provision Is True

Which Statement Regarding The Change Of Beneficiary Provision Is True

A. The beneficiary can only be changed with the consent of the insurer
B. The policyowner can change the beneficiary
C. The insured can change the beneficiary
D. A beneficiary change is subject to underwriting procedures

Correct Answer: B. The policyowner can change the beneficiary.

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