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Life insurance policy proceeds can be paid to a trustee upon the death of the insured. All of the ...

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Life insurance policy proceeds can be paid to a trustee upon the death of the insured. All of the ...

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

Edition: 12^th

Authors: Rejda, McNamara

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chouri Author

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5 years ago

Thanks for the help!

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