Question 4024 of 303 · California Life-Only Agent Exam
A husband buys a policy on his wife's life and names himself as beneficiary. Who is the policy owner?
Exactly one answer is correct.
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Correct answer to question 4024
- A: The husband
Explanation
The owner is the person who applies for the policy and holds ownership rights, which is the husband here. The wife is the insured.
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