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Which life insurance policy provision prohibits a beneficiary from "commuting, encumbering, withdrawing, or assigning" any portion of the proceeds prior to actual receipt from the company?
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Which life insurance policy provision prohibits a beneficiary from "commuting, encumbering, withdrawing, or assigning" any portion of the proceeds prior to actual receipt from the company?

User Torsten Ojaperv
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The specific kind of insurance policy based on the description provided by the question would be the Spendthrift clause. By definition, a spendthrift provision is a term that is used mainly to describe a provision wherein the inheritance of the benefactor is protected from being given away to another individual.
User Kaanmijo
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