Erin purchased a life insurance policy on her own life. Her husband Mike is the beneficiary of

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Erin purchased a life insurance policy on her own life. Her husband Mike is the beneficiary of the policy. Which of the following is not a necessary legal element of the contract?

a. Offer and acceptance.

b. Legal competency of all parties.

c. Consideration.

d. Listed beneficiary.

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Fundamentals Of Financial Planning

ISBN: 9781936602094

3rd Edition

Authors: Michael A Dalton, Joseph Gillice

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Question Posted: Sep 11, 2024 09:01 AM

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Erin purchased a life insurance policy on her own life. Her husband Mike is the beneficiary of

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Fundamentals Of Financial Planning

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