Which of the following statements regarding trusts in life insurance is NOT correct?
A) Life insurance proceeds may be handled by a trust.
B) Trusts may be named as a beneficiary on behalf of a minor.
C) The beneficiary is the person receiving the benefits from a trust.
D) The grantee is the party that manages a trust."
Answer: D) The grantee is the party that manages a trust."
Business
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