Whether your self-esteem goes up or down can be a useful guide as to how well you are performing socially such as at a networking event

Which of the following statements pertaining to life policy assignment is NOT correct?

A) To secure a loan, the policy temporarily can be transferred to the lender as security for the loan. B) The life insurance company assumes no responsibility for the validity of an assignment. C) The policyowner must obtain approval from the insurance company before a policy can be assigned. D) The policyowner must notify the company in writing of any assignment."

Saunders purchased a home from Barnes and agreed to assume an existing conventional loan. The lender agreed to the assumption and issued a substitution of liability. Under these circumstances:

A: Saunders is primarily responsible for the loan and Barnes remains liable as a surety; B: Nothing is being accomplished if the loan is secured by a purchase-money deed of trust; C: Barnes is relieved from further duties under the obligation; D: Barnes remains primarily responsible for the loan and Saunders is secondarily liable.