Question 2034 of 287 · Texas Life, Accident and Health Agent Exam

An irrevocable beneficiary designation means that the

Exactly one answer is correct.

Abeneficiary cannot receive the death benefit if the owner lapses the policy, as agreed between the agent and the insurer
Bbeneficiary is paid first from the cash value
Cowner can still withdraw all the cash value without notice
Downer cannot change the beneficiary without the beneficiary's written consent

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Correct answer to question 2034

D: owner cannot change the beneficiary without the beneficiary's written consent

Explanation

The irrevocable beneficiary holds a vested interest in the policy proceeds. The owner generally cannot borrow, assign, or change the beneficiary without consent.

2035A common disaster (simultaneous death) provision is intended to
2036Naming a minor child directly as beneficiary can create problems because
2037Designating a beneficiary by class (for example, 'my children') means
2038Premium payment for a 'flexible' premium policy means that
2001A waiver of premium rider on a life policy provides that
2002A guaranteed insurability rider allows the insured to

An irrevocable beneficiary designation means that the

Correct answer to question 2034

Explanation

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