Who or what is the "object" of a life insurance policy?

a$.$ the owner

b$.$ the insured

c$.$ the insurer

d$.$ the beneficiary

Who is responsible for completing and signing the application for a life insurance policy?

a$.$ the producer

b$.$ the beneficiary

c$.$ the insured

d$.$ the owner

Frank is the revocable beneficiary of his brother's $$100,000$ life insurance policy. At what point are Frank's rights to the policy recognized as vested?

a$.$ when the policy is applied for

b$.$ when the policy is issued

c$.$ when the policy is paid up

d$.$ when the insured dies

Ivan owns a life insurance policy on the life of his wife, Sasha, and names his daughter, Rivka, as beneficiary. Ivan purchased the policy from Long Life Insurance Company. As long as Sasha lives, who controls the rights to the policy?

a$.$ Ivan

b$.$ Sasha

c$.$ Rivka

d$.$ Long Life