Third-party rights in a life insurance policy do not vest until the ________.
A)promisor's death
B)promisee's will is executed
C)promisee's death
D)policy is recorded
E)policy is executed

Question

Quizplus · Accepted Answer

Although an intended beneficiary can enforce her rights to a contract,she cannot do so until her rights to the contract vest; that is,until the rights mature so that a party can legally act on the rights.For example,third-party rights in a life insurance policy do not vest until the promisee's death.

Third-Party Rights in a Life Insurance Policy Do Not Vest