Kent enters into a contract with Life Insurance Company for a policy that designates Mia as the beneficiary. Kent reserves the right to change the designated beneficiary. Mia's rights under the policy are
A) not affected by the reservation.
B) subject to any change that Kent makes.
C) subject to the first-in-time rule.
D) terminated by the reservation.

Question

Quizplus · Accepted Answer

Mia's rights under the policy are subject to any change that Kent makes because Kent has reserved the right to change the designated beneficiary. This means that Mia's status as a beneficiary is not guaranteed and can be altered by Kent at any time.

Kent Enters into a Contract with Life Insurance Company for a Policy