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Which statement regarding third-party ownership of a life insurance policy is true? Beneficiary is required to be irrevocable Policy cannot be assigned once issued It is illegal in most states It is used extensively in estate-planning as well as business circumstances

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Which statement regarding third-party ownership of a life insurance policy is true?
Beneficiary is required to be irrevocable
Policy cannot be assigned once issued
It is illegal in most states
It is used extensively in estate-planning as well as business circumstances

 
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