A beneficiary change can occur

A beneficiary change can occur

A beneficiary change can occur

 Options:

a) only upon the request of the revocable beneficiary
b) only on specified dates within the policy
c) normally at any time during the policy term
d) at no time

The Correct Answer Is:

  • c) normally at any time during the policy term

A beneficiary change can occur normally at any time during the policy term. A beneficiary change can occur normally at any time during the policy term, regardless of whether the beneficiary is still alive or not. When a beneficiary dies, the insurance company must notify all beneficiaries of their right to receive benefits. If there are multiple beneficiaries and one of them does not want the policy to continue paying out benefits to them, they can contact the insurance company and request that their name be removed from the list.

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