In: Finance
Which is not a right of ownership in a life insurance policy?
Receive dividends |
Change settlement options |
Change irrevocable beneficiaries at will |
Borrow against the policy |
B. Change settlement options.
Settlement options are not changeable after an option is selceted.
Where as,
The dividend options can be changed.
Irrevocable beneficiaries can be changed.
Borrowings can be made against a policy.