A single life policy pays out at the death of the single life insured, regardless of whether they are married or have dependents. The policy may provide benefits for one or more beneficiaries, depending on the policyholder's wishes. Option A, C, and D are incorrect because they limit the scope of the policy without any basis, which is untrue.

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A Single Life Policy

Question 19

Multiple Choice

A single life policy

A) may only provide benefits for a single beneficiary.
B) pays out at the death of the single life insured.
C) is only available for unmarried individuals.
D) is only allowed to insure non-dependent adults.

Correct Answer: