Which life insurance policy provision specifies that it is the policyholder,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 the policyholder, and not the insured or beneficiary, possesses all contractual rights while the policy is in force. This includes the right to change beneficiaries or surrender the policy for cash value.

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