Which of the following statements about beneficiary designations is (are) true?

Are you having trouble answering the question “Which of the following statements about beneficiary designations is (are) true?”? You don’t have to worry about it anymore. Azanswer team is here with the correct answer to your question.

Which of the following statements about beneficiary designations is (are) true?

The primary beneficiary is entitled to the death proceeds of a life insurance policy only if the contingent beneficiary dies before the insured.

If a revocable beneficiary designation is used, the insured must obtain the beneficiary’s permission of exercise most policy rights.

A) I only

B) II only

C) both I and II

D) neither I nor II

Answer: D) neither I nor II

You should now have gotten the answer to your question “Which of the following statements about beneficiary designations is (are) true?”, which was part of Insurance MCQs & Answers. Thanks for choosing us.