An insured bought a whole life policy 15 years ago and it has accumulated a cash value of several hundred dollars. She named her spouse as the owner at the time of purchase. Who has the right to change beneficiaries and access the cash value?

Insurance

Are you having trouble answering the question “An insured bought a whole life policy 15 years ago and it has accumulated a cash value of several hundred dollars. She named her spouse as the owner at the time of purchase. Who has the right to change beneficiaries and access the cash value?”? You don’t have to worry about it anymore. Azanswer team is here with the correct answer to your question.

An insured bought a whole life policy 15 years ago and it has accumulated a cash value of several hundred dollars. She named her spouse as the owner at the time of purchase. Who has the right to change beneficiaries and access the cash value?

A. The beneficiary

B. The policyowner

C. The insured

D. The insurer

Answer: B.

You should now have gotten the answer to your question “An insured bought a whole life policy 15 years ago and it has accumulated a cash value of several hundred dollars. She named her spouse as the owner at the time of purchase. Who has the right to change beneficiaries and access the cash value?”, which was part of Insurance MCQs & Answers. Thanks for choosing us.