Which life insurance policy provision specifies that it is the policyowner,and not the insured or beneficiary,who possesses all contractual rights while the policy is in force?

Question

Quizplus · Accepted Answer

The ownership clause specifies that it is the policyowner who has all contractual rights while the policy is in force. This includes the right to change beneficiaries, surrender the policy for cash value, take out loans against the policy, and make policy changes.

Which Life Insurance Policy Provision Specifies That It Is the Policyowner,and