Q 1

Which of the following statements about the ownership of a life insurance policy is (are)true? I.Under the ownership clause,the policyowner and beneficiary equally share all contractual rights in the policy while the insured is living. II.The policyowner can designate a new owner by filing an appropriate form with the insurance company. A)I only B)II only C)both I and II D)neither I nor II

Multiple Choice

B