Which of the following is NOT an important reason for a life insurance application?
A) The application identifies who is the applicant, insured, owner, payor, and beneficiary
B) If the proposed insured is someone other than the applicant, both the proposed insured and the applicant must sign the application
C) The beneficiary must sign the application before the insurer will issue the policy
D) Statements made in the application are considered to be representations
Ans: C) The beneficiary must sign the application before the insurer will issue the policy
Business