Which of the following statements about beneficiary designations is (a

Which of the following statements about beneficiary designations is (are) true?

I. The primary beneficiary is entitled to the death proceeds of a life insurance policy only if the contingent beneficiary dies before the insured.
II. If a revocable beneficiary designation is used, the insured must obtain the beneficiary’s permission of exercise most policy rights.
A) I only
B) II only
C) both I and II
D) neither I nor II

ANSWER

Answer: D