Question

Upon delivery of a rated life insurance policy, the Producer must obtain each of the following _______.

A. beneficiary's signature
B. insured's signature
C. witness's signature
D. beneficiary's social security number

Answer 1

The Producer must obtain the insured's signature upon the delivery of a rated life insurance policy to ensure acknowledgment and understanding of the policy terms.

Step-by-step explanation:

Upon the delivery of a rated life insurance policy, the Producer must obtain the insured's signature. This signature is required to acknowledge the receipt of the policy, agree to the terms, and confirm that the policyholder understands the policy as delivered. The beneficiary's signature is not typically required at policy delivery unless the policy has specific provisions or riders that mandate it.

A witness's signature might be needed in some cases depending on the insurance company's requirements or applicable state laws. The beneficiary's social security number is usually obtained during the application process, not at the time of policy delivery.