A contingent beneficiary in a life insurance policy has the right to
A) receive the policy proceeds if the primary beneficiary dies before the insured.
B) share the policy proceeds with the primary beneficiary.
C) change the beneficiary designation under specified circumstances.
D) exercise policy rights if the insured is incapacitated.
Answer: A
You might also like to view...
Which of the following scaled-response formats is good for measuring store, company or brand images?
A) constant sum scale B) life-style inventory C) semantic differential scale D) image analysis scales E) store analysis
An offset agreement differs from a counterpurchase agreement in that an offset agreement ________
A) fails to specify the type of product that must be purchased B) fails to specify the amount that will be spent on the purchase C) fails to give a business greater freedom in fulfilling its end of a countertrade deal D) fails to make a hard-currency purchase of any product from that nation in the future