Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Under which of the following circumstances will some insurers permit a policyowner to name a minor as a beneficiary? (Search Chapter 1) a. The insured

Under which of the following circumstances will some insurers permit a policyowner to name a minor as a beneficiary? (Search Chapter 1) a. The insured is young and unlikely to die before the beneficiary reaches the age of majority. b. The policyowner names a parent of the minor as contingent beneficiary. c. The policyowner names a custodian to manage the minors funds. d. The policyowner signs an acknowledgment that death benefits will not be paid unless or until the beneficiary has reached the age of majority

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

7th Edition

1118725786, 978-1118725788

More Books

Students also viewed these Accounting questions