If an individual life insurance policy contains a spendthrift provision, the policy can prohibit the beneficiary from taking all of the following actions EXCEPT
A) borrowing against the policy
B) exchanging the policy
C) receiving equal installment payments under the policy
D) surrendering the policy for cash"
Ans: C) receiving equal installment payments under the policy
Business
You might also like to view...
Many employers institute their own voluntary affirmative action plans
Indicate whether the statement is true or false
Business
The characteristics of data captured during data modeling are crucial in the design of databases, programs, computer screens, and printed reports
Indicate whether the statement is true or false
Business