Christine has a paid-up $50,000 whole life policy. She would like to transfer all ownership right to the policy to her favorite charity. Christine can accomplish the transfer through a(n):
(a) Change of plan provision
(b) Guarantee purchase option
(c) Reinstatement provision
(d) Absolute assignment
Ans: (d) Absolute assignment
Business
You might also like to view...
Market stakeholders include nongovernmental organizations and business support groups.
Indicate whether the statement is true or false.
Business
Parmalat engaged in financial statement fraud in part to divert funds to family-owned businesses
Indicate whether the statement is true or false
Business