Question

A viator is the owner of a life insurance policy and transferred ownership by a ______ agreed to by___ and ______ through a _____.

a. Contract; Insurer; Beneficiary; Trust.
b. Will; Beneficiary; Lawyer; Sale.
c. Agreement; Insured; Beneficiary; Legal Process.
d. Deed; Agent; Insurer; Mediation.

Answer 1

A viator can transfer ownership of a life insurance policy through a contract agreed upon by the insurer and beneficiary through a legal process.

Step-by-step explanation:

A viator is the owner of a life insurance policy and can transfer ownership through a contract agreed to by the insurer and beneficiary through a legal process. This process involves the viator and the new owner, known as the assignee, entering into an agreement with the insurer to transfer the ownership rights of the policy.