Relacionar Columnas Risk Chp. 12 pt. 2Versión en línea Risk Chp. 12 pt. 2 por Ryan Brown 1 Participating Policy 2 Class Beneficiary 3 Nonparticipating Policy 4 Change-of-plan provision 5 Irrevocable Beneficiary 6 Specific Beneficiary 7 Collateral Assignment 8 Policy loan provision 9 Absolute Assignment 10 Automatic Premium Loan Provision A specific person is not named but is a member of a group designated as beneficiary, such as "children of the insured" means that the beneficiary is specifically named and identified. an overdue premium is automatically borrowed from the cash value after the grace period expires, provided the policy has a loan value sufficient to pay the premium. does not pay dividends. the policy holder temporarily assigns a life insurance policy to a creditor as collateral for a loan. Only certain rights are transferred to the creditor to protect its interest, and the policy holder retains the remaining rights. allows the policyholder to borrow the cash value. is one that cannot be changed without the beneficiaries consent. allows policy-owners to exchange their present policies for different contracts. all ownership rights in the policy are transferred to a new owner. a policy that pays dividends.
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