Relacionar Columnas Risk Chp. 12 pt. 2Versión en línea Risk Chp. 12 pt. 2 por Ryan Brown 1 Irrevocable Beneficiary 2 Class Beneficiary 3 Policy loan provision 4 Automatic Premium Loan Provision 5 Specific Beneficiary 6 Absolute Assignment 7 Nonparticipating Policy 8 Change-of-plan provision 9 Participating Policy 10 Collateral Assignment 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. A specific person is not named but is a member of a group designated as beneficiary, such as "children of the insured" allows policy-owners to exchange their present policies for different contracts. all ownership rights in the policy are transferred to a new owner. does not pay dividends. a policy that pays dividends. allows the policyholder to borrow the cash value. 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. means that the beneficiary is specifically named and identified. is one that cannot be changed without the beneficiaries consent.
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