How might a life insurance company restrict the rights of a minor policyowner that it would not impose on someone who has reached the age of majority?

a$.$ who may be named beneficiary

b$.$ the type or form of policy that may be purchased

c$.$ the number of years that premiums must be paid

d$.$ the amount of the death benefit that is guaranteed payable

Who are the legal parties to a life insurance contract?

a$.$ the owner and the insured

b$.$ the insured and the beneficiary

c$.$ the owner and the insurance company

d$.$ the owner and the beneficiary