Six months ago you wrote a single premium life insurance policy for Tim naming Tim’s wife as the beneficiary. You’ve now learned that Tim will use the policy as collateral alone to purchase a large boat. What is the potential red flag in this scenario?

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vivian1959520 vivian1959520

26-06-2024
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Six months ago you wrote a single premium life insurance policy for Tim naming Tim’s wife as the beneficiary. You’ve now learned that Tim will use the policy as collateral alone to purchase a large boat. What is the potential red flag in this scenario?

Sagot :

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Six months ago you wrote a single premium life insurance policy for Tim naming Tim’s wife as the beneficiary. You’ve now learned that Tim will use the policy as collateral alone to purchase a large boat. What is the potential red flag in this scenario?

Sagot :

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