Identify the Circumstances, under which, the Policy- Holder would need to appoint an Appointee.
A)Insured is a Minor
B)Nominee is a Minor
C)Policy-Holder is Not of Sound Mind
D)Policy-Holder is Not Married

Question

Quizplus · Accepted Answer

An appointee is needed when the nominee is a minor because minors are not legally competent to receive the claim proceeds. The appointee will receive the proceeds on behalf of the minor nominee until they reach the age of majority.

Identify the Circumstances, Under Which, the Policy- Holder Would Need