Question 4029 of 303 · California Life-Only Agent Exam
An insured purchases a policy and names a trust as beneficiary. This is an example of
Exactly one answer is correct.
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Correct answer to question 4029
- B: an entity being named as beneficiary
Explanation
Beneficiaries need not have an insurable interest in the insured. Individuals, trusts, charities, and estates may be named.
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