Sylvia was the insured and owner of a policy that named her husband as the beneficiary. Upon her husband’s death, she decided to change the beneficiary designation to her best friend since she has no close living relatives. The insurance company will:

Insurance

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Sylvia was the insured and owner of a policy that named her husband as the beneficiary. Upon her husband’s death, she decided to change the beneficiary designation to her best friend since she has no close living relatives. The insurance company will:

A

Require Sylvia to prove insurability

B

Require Sylvia to prove that her best friend is financially dependent on her

C

Decline the change due to lack of insurable interest

D

Accept the beneficiary change

Answer: D

You should now have gotten the answer to your question “Sylvia was the insured and owner of a policy that named her husband as the beneficiary. Upon her husband’s death, she decided to change the beneficiary designation to her best friend since she has no close living relatives. The insurance company will:”, which was part of Insurance MCQs & Answers. Thanks for choosing us.