Which of the following statements regarding life insurance is true for the custodial parent after divorce?
A) A court-ordered alimony or child support award creates an insurable interest
B) Any alimony or child support agreement creates an insurable interest
C) Only the payer spouse can own the insurance policy and make premium payments
D) Life insurance is not a priority item for a divorced client with cash flow challenges
Correct Answer:
Verified
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