Most business assignments of life insurance polici...

Exam Fx Property And Casualty Questions And Answers

Question Number 217

Most business assignments of life insurance policies are made in order to protect the:A. insured's insurability.B. lender's financial interest in the insured.C. beneficiary from the claims of creditors.D. insurance company from fraudulent claims

lender's financial interest in the insured.Yes. It's the lender (the lending company) who is concerned about getting repaid if the borrower dies before the loan is paid off.

✔ Correct Answer:

lender's financial interest in the insured.Yes. It's the lender (the lending company) who is concerned about getting repaid if the borrower dies before the loan is paid off.

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Exam Fx Property And Casualty Questions And Answers

Question Number 217

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