PEARSON VUE TEXAS LIFE AND HEALTH INSURANCE TEST QUESTIONS | 151 QUESTIONS AND ANSWERS (100% VERIFIED ANSWERS) | LATEST UPDATED

PEARSON VUE TEXAS LIFE AND HEALTH INSURANCE TEST QUESTIONS | 151 QUESTIONS AND ANSWERS (100% VERIFIED ANSWERS) | LATEST UPDATED
Question :P wants to name her husband as the beneficiary of her
life policy. However, she wishes to retain all of the rights of
ownership. P should have her husband named as the:
A.irrevocable beneficiary
B.revocable beneficiary
C.secondary beneficiary
Correct answer:B
Question :A contract that has as its basic function the systematic
liquidation of accumulated assets through periodic payments is
called an:
A.indemnity contract

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