Disposiciones de Pólizas de VidaPregunta 546 de 716
A policyowner assigns a life policy to a bank as security for a loan, intending the bank to have rights only up to the outstanding loan balance. This is a:
a.Irrevocable beneficiary designation
b.Absolute assignment
c.Collateral assignment
d.Change of insured
Explicación
A collateral assignment transfers rights only to the extent of a debt, so anything above the loan balance still goes to the named beneficiary. An absolute assignment transfers all ownership, and neither a change of insured nor an irrevocable beneficiary describes pledging a policy for a loan.
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Preguntas relacionadas de este tema
- The free-look provision in a life insurance policy gives the policyowner the right to:
- Under the entire contract provision, the insurer may NOT:
- Which right belongs to the policyowner rather than to the insured (when they are different people)?
- A revocable beneficiary designation means the policyowner:
- If a beneficiary is named irrevocably, the policyowner generally may NOT do which of the following without that beneficiary's consent?
- A death benefit is payable 'per stirpes.' If a primary beneficiary dies before the insured, that beneficiary's share will:
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Revisado por John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — verificar)