Cybil is insured under a key-person life insurance policy owned by Delta Corporation and then quits her job. Which of the following statements is NOT correct?

Cybil is insured under a key-person life insurance policy owned by Delta Corporation and then quits her job. Which of the following statements is NOT correct?



A) Delta can assign the policy.

B) Cybil can convert the policy to an individual policy.

C) Delta can surrender the policy for cash.

D) Delta can keep the policy in force.



Answer: B) Cybil can convert the policy to an individual policy.

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