Answered

Looking for trustworthy answers? Westonci.ca is the ultimate Q&A platform where experts share their knowledge on various topics. Explore in-depth answers to your questions from a knowledgeable community of experts across different fields. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.

Which of the following has the right to change a settlement option in a life
insurance policy?
O
A. A beneficiary at any time
B. The policyowner at any time during the life of the insured
O
C. The insured
O
D. A beneficiary after the policyowner's death

Sagot :

GinnyAnswer

Final answer:

The policyowner can change the settlement option in a life insurance policy as desired.


Explanation:

The policyowner at any time during the life of the insured has the right to change a settlement option in a life insurance policy. This means that the individual who owns the policy can make alterations to how the benefits are paid out.

For example, if the policy owner initially chose a lump sum payment but later decides they prefer periodic payments, they have the authority to make that change.

This ability gives flexibility to the policy owner to adjust the settlement option according to their financial circumstances or preferences.


Learn more about life insurance policy settlement options here:

https://brainly.com/question/42992538


We appreciate your time on our site. Don't hesitate to return whenever you have more questions or need further clarification. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Get the answers you need at Westonci.ca. Stay informed with our latest expert advice.