Question

When a life insurance policy stipulates that the beneficiary will receive payments in the specified installments or for a specified number of years, what provision prevents the beneficiary from changing or borrowing from the planned installments?

A. Spendthrift provisionB. Settlement optionC. Accelerated benefit provisionD. Loan provision

Answer 1

A. Spendthrift provision

Step-by-step explanation:

Based on the information provided within the question it can be said that the provision that prevents this is called a "spendthrift provision". Like mentioned in the question this term refers to a provision that prevents an individual from giving away his inheritance or any creditor attaching themselves to the inheritance, as well as changing or borrowing for themselves.