Assignment of life policy means ______________.

Looking for the answer to the question below related to Insurance?

Assignment of life policy means ______________.

 Options:

 

A. Transferring rights to the assignee
B. Policy holder is entitled to the paid up value
C. Paid up value is always higher than surrender value
D. Value payable on assured death or maturity

 

The Correct Answer Is:

  • A. Transferring rights to the assignee

Conclusion

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