Advanced Placement (AP), 24.03.2021 03:50 floresvanexel4pejp1p
All of the following are examples of third-party ownership of a life insurance policy EXCEPT
A When an insured purchased a new home, the insured made an absolute assignment of a life insurance policy to
the mortgage company.
B An insured borrows money from the bank and makes a collateral assignment of a part of the death benefit to
secure the loan.
An insured couple purchases a life insurance policy insuring the life of their grandson.
A company purchases a life insurance policy on their manager, who is an important part of the operation.
Answers: 2
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If you think a piece of information will be on an upcoming test, you should always write it in your notes.
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If the human population continues to grow, what is a likely effect on land use? a. more land will be used for cities. b. more land will be used for forests. c. more land will be used for grasslands. d. more land will be used for wetlands.
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All of the following are examples of third-party ownership of a life insurance policy EXCEPT
A When...
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