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Home Q & A Board Other Fields Homework Help Business Insurance
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chouri chouri
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7 years ago
Life insurance policy proceeds can be paid to a trustee upon the death of the insured. All of the following statements about having the proceeds paid to a trustee are true EXCEPT
A) Use of a trustee provides flexibility with regard to the timing and amount of the payments.
B) Trustees are often used when the beneficiary is a minor child or an adult with diminished mental capacity.
C) The trustee is not permitted to accept a fee for rendering services.
D) The trustee does not guarantee investment results.
Textbook 
Principles of Risk Management and Insurance

Principles of Risk Management and Insurance


Edition: 12th
Authors:
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Toni_AnnetteToni_Annette
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7 years ago
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chouri Author
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#2
6 years ago
Thanks for the help!
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