Peachyyyyyy4192 Peachyyyyyy4192
  • 08-02-2024
  • Health
contestada

Jan is named irrevocable beneficiary of Jim's life insurance policy. Which of the following statements is correct?
A. Jan can take out a policy loan without Jim's permission
B. Jim does not need permission from Jan to take out a policy loan
C. Jim can remove Jan as beneficiary
D. Jim needs Jan's permission to borrow the policy's loan value

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