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Changing the designated beneficiary

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Reference no: EM133041261

Fill in the blank with the appropriate term based on the given definition.

  1. If named, a policy owner may only carry out certain transactions if written consent from the irrevocable beneficiary is obtained (e.g. changing the designated beneficiary). 
  2. Payment received based on earned income 
  3. The process of examining an insurance application, deciding whether to accept the application and determining the appropriate premium to be charged based on the inherent risk. 
  4. Receive payment when they are unable to perform the essential duties of their regular job. If they earn salary or wage from other employment the benefit is reduced or eliminate.

Reference no: EM133041261

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