Want to know:
Which of these actions is taken when a policy owner uses a life insurance policy as collateral for a bank loan?Revocable assignment beneficiary change irrevocable assignment collateral assignment
Get a detailed, AI-powered explanation for this question and thousands more on StudyFetch.
Get the Answer for FreeHow StudyFetch Helps You Master This Topic
AI-Powered Answers
Get instant, detailed explanations powered by AI that understands your course material.
Deep Understanding
Go beyond surface-level answers with step-by-step breakdowns and examples.
Personalized Learning
Sparky adapts to your learning style and helps you connect ideas.
Practice & Test
Turn any question into flashcards, quizzes, and practice tests to solidify your knowledge.
Explore More Questions
- Two individuals who are in the same risk and age class are charged different rates for their insurance policies due to an insignificant factor.What is this called?
- Which of the following is NOT required on an application for a variable life insurance policy ? a ) Questions designed to assist the insurer in determining suitability of the insurance b ) A statement explaining the use of separate accounts in variable insurance c ) A statement that the death benefit may be variable or fixed d ) A statement that cash values may increase or decrease based on the separate account
- Is a legitimate ERISA Self-Insurance plan necessarily an insurance plan subject to state regulation?Choose one answer. a. A genuine single-employer ERISA plan is not subject to direct state insurance regulation b. A legitimate ERISA Self-Insurance plan is never deemed to be insurance c. None of these answers are d. A legitimate ERISA Self-Insurance plan is always deemed to be insurance