Which of the following statements is true about a policy assignment:

Which of the following statements is true about a policy assignment:




A It permits the beneficiary to designate the person or persons to receive the benefits

B It is valid during the insured's lifetime only because the death benefit is payable to the named beneficiary

C It transfers the owner's rights under the policy to the extent expressed in the assignment form

D It is the same as a beneficiary designation



Answer: C

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