Which of the following statements about the ownership of a life insurance policy is (are)true?
I.Under the ownership clause,the policyowner and beneficiary equally share all contractual rights in the policy while the insured is living.
II.The policyowner can designate a new owner by filing an appropriate form with the insurance company.

Question

Quizplus · Accepted Answer

The policyowner has all contractual rights in the policy while the insured is living, not the beneficiary. The policyowner can indeed designate a new owner by filing the appropriate form with the insurance company.

Which of the Following Statements About the Ownership of a Life