Answer: B. An insured borrows money from the bank and makes a collateral assignment of a part of the death benefit to secure the loan.
Explanation:
A collateral assignment allows a person to use their life insurance policy as collateral when taking out a loan. It is therefore based on a life insurance policy ownership, but isn't one itself.
It works by allowing the creditor to be able to get back whatever is owed to them when the debtor dies by claiming it from the proceeds of the debtor's life insurance policy.
I don't have time but some good starting points are Piaget's theory of development and Erik Erikson's chart.
First four rights were established consumers introduced by John F. Kennedy in a speech which he praised which later was called the consumer bill of rights... then later the four got expanded to eight rights.
1. Right to safety
2. Right to be informed
3. Right to choose
4. Right to be heard
5. Right to basic needs
6. Right to redress
7. Right to consumer education
8. Right to healthy environment
