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Adam purchased a life insurance policy on his wife, Eve, naming himself as the owner of the policy and his brother Steve as successor owner.

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Adam purchased a life insurance policy on his wife, Eve, naming himself as the owner of the policy and his brother Steve as successor owner. The beneficiary of the policy is his daughter Mary. Adam died a few months later. His wife Eve, decided to change the beneficiary to her new spouse. Can Eve do this? Select one: a. Eve's daughter can authorize a change of beneficiary b. Yes, because Eve is the life insured c. The beneficiary cannot be changed d. No, because Steve is now the owner of the policy and has all the rights of ownership

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