Question

Can a nomination be made in favor of a minor?

a.

Yes, but only if the minor is above 12 years old.

b.

No, minors cannot be nominated.

c.

Yes, and an appointee can be appointed to receive policy moneys on behalf of the minor nominee.

d.

Yes, but only if the minor has no legal guardian.

Answer: (c).Yes, and an appointee can be appointed to receive policy moneys on behalf of the minor nominee. Explanation:A nomination can be made in favor of a minor, and an appointee can be appointed to receive policy moneys on behalf of the minor nominee.

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Q. Can a nomination be made in favor of a minor?

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