Which of he following statements is CORRECT about beneficiary designalions? A.By naming an irrevocable beneliciary, a policyowner forfeits he right to change he beneficiary B.A primary beneficiary may not be a minor. C.primary beneficiary and a contingent beneficiary each receive one-half of he proceeds. D.In group insurance, lhe employer is the beneficiary for each employee.

Which of he following statements is CORRECT about beneficiary designalions? A.By naming an irrevocable beneliciary, a policyowner forfeits he right to change he beneficiary B.A primary beneficiary may not be a minor. C.primary beneficiary and a contingent beneficiary each receive one-half of he proceeds. D.In group insurance, lhe employer is the beneficiary for each employee.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter16: Information, Risk, And Insurance

Section: Chapter Questions

Problem 4RQ: Why might it be difficult for a buyer and seller to agree on a price when imperfect information...

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