Which of the following statements about the assignment of a life insurance policy is true?

Which of the following statements about the assignment of a life insurance policy is true?
A) The insurer must be notified of any assignment or the death proceeds will be paid to the named beneficiary.
B) Under an absolute assignment, the only right transferred to a new owner is the right to change the beneficiary designation.
C) As long as a collateral assignment exists, a creditor will receive the entire death benefit even if the loan has been repaid.
D) Assignment may be made only with the permission of the insurer and the beneficiary.