Final answer:
The policyowner does not have the right to change the dividend schedule, as it is determined by the insurance company based on various factors. so, option B is the correct answer.
Step-by-step explanation:
The question pertains to the rights of a policyowner in the context of a life insurance policy. A policyowner usually has the right to change payment modes and beneficiaries, and even select different dividend options. However, the dividend schedule is typically determined by the insurance company and is not within the policyowner's control to change. The dividend schedule is set by the company based on its financial performance and other actuarial factors.
A policyowner in an insurance policy has the right to change various aspects of their policy, including the payment mode, dividend option, dividend schedule, and beneficiary.
A policyowner in an insurance policy has the right to change various aspects of their policy, including the payment mode, dividend option, dividend schedule, and beneficiary. However, the correct answer to the question is none of the above (E) Policy Loans. A policyowner generally has the right to request a policy loan against the cash value of their life insurance policy. This allows them to borrow money from the insurance company, using the policy's cash value as collateral.