D) 20-paymen whole me 7) Which of the following statements about the ownership of a life insurance policy is (are) true? I. Under the ownership clause, the policyholder and beneficiary equally share all contractual rights in the policy while the insured is living II. The owner of the policy may assign certain rights, such as the right to designate the beneficiary, to another person. A) I only B) II only C) both I and II D) neither I nor II ais truc