Which Statement Regarding The Change Of Beneficiary Provision Is True?

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

Which Statement Regarding The Change Of Beneficiary Provision Is True?

 Options:

  • A. The beneficiary can only be changed with the consent of the insurer
  • B. The policyowner can change the beneficiary
  • C. The insured can change the beneficiary
  • D. A beneficiary change is subject to underwriting procedures

The Correct Answer Is:

  • B. The policyowner can change the beneficiary

Conclusion

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