Question

    Process of transferring life insurance to another person is called _____ of policy.

    A Transfer Correct Answer Incorrect Answer
    B Assignment Correct Answer Incorrect Answer
    C Arrangement Correct Answer Incorrect Answer
    D Annulment Correct Answer Incorrect Answer
    E Combination Correct Answer Incorrect Answer

    Solution

    Interest in a life insurance policy can be transferred from the policyholder to a lender or relative by assignment of policy.

    Practice Next
    ×
    ×