Question

A policyowner who is also the insured wants to name her husband as the beneficiary of her life policy. She also wishes to retain all of the rights of ownership. The policyowner should have her husband named as the

Answer 1

revocable beneficiary

Step-by-step explanation:

This simply implies that the total right of ownership is within the ambient of the policy owner because it avails the policy owner the opportunity to retain the rights of ownership without necessarily seeking the consent of her husband who is the beneficiary.