Answered

Which statement is true about the proceeds
of a life insurance policy?
О
A. The lawful beneficiary receives
the proceeds after all creditors of
the estate have been paid.
B. The beneficiary must have an
insurable interest in the insured.
C. The lawful beneficiary is entitled
to all policy benefits free from all
claims of creditors or
representatives of the insured's
estate.



Answer :

GinnyAnswer

Final answer:

The rightful beneficiary of a life insurance policy is entitled to the policy benefits, free from interference by creditors or the insured's estate.


Explanation:

The statement that is true about the proceeds of a life insurance policy is:

  1. A. The lawful beneficiary is entitled to all policy benefits free from all claims of creditors or representatives of the insured's estate.

This means that the rightful beneficiary of a life insurance policy is entitled to receive the policy benefits without interference from creditors or the insured's estate, ensuring the beneficiary receives the intended financial protection.


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