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10/2/20

[Answer] Which of the following is true concerning the proceeds of a Life Insurance policy if there is no assignment against the policy?There is protection of proceeds against the beneficiary's creditorsThere is protections of proceeds against the insured's creditorsThere is protection of proceeds against the insured's and the beneficiary's creditorsThere is never protection of proceeds

Answer: There is protection of proceeds against the insured's and the beneficiary's creditors




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Which of the following is true concerning the proceeds of a Life Insurance policy if there is no assignment against the policy?There is protection of proceeds against the beneficiary's creditorsThere is protections of proceeds against the insured's creditorsThere is protection of proceeds against the insured's and the beneficiary's creditorsThere is never protection of proceeds A settlement option that would leave the proceeds of the insurance policy with the insurer and the insurer would pay interest to the beneficiary on an installment basis is called: The interest only option leaves the proceeds with the insurer and pays the interest to the beneficiary on an installment basis. An insured owns a life insurance policy . To be able to pay some of her medical bills she withdraws a portion of the policy s cash value. There is a limit for a withdrawal and the insurer charges a fee. What type of policy does the insured most likely have? PracticeTest2 Flashcards by Gabriel Martinez | Brainscape PracticeTest2 Flashcards by Gabriel Martinez | Brainscape PracticeTest2 Flashcards by Gabriel Martinez | Brainscape PracticeTest2 Flashcards by Gabriel Martinez | Brainscape...

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