question 20 of 60\nwhat right does the assignment clause give the policyowner in a life insurance…

question 20 of 60\nwhat right does the assignment clause give the policyowner in a life insurance policy?\na. surrender the insurance policy to the insurer\nb. change the insured in the policy without the insurers consent\nc. transfer policy rights to another person\nd. change the amount of premium under the policy

question 20 of 60\nwhat right does the assignment clause give the policyowner in a life insurance policy?\na. surrender the insurance policy to the insurer\nb. change the insured in the policy without the insurers consent\nc. transfer policy rights to another person\nd. change the amount of premium under the policy

Answer

Brief Explanations:

The assignment clause in a life - insurance policy allows the policyholder to transfer policy rights to another person. Surrendering the policy to the insurer is related to the surrender clause, changing the insured usually requires specific procedures and consent and is not the main function of the assignment clause, and changing the premium amount is related to premium - adjustment provisions.

Answer:

C. Transfer policy rights to another person