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22 June, 04:55

Which life insurance policy provision prohibits a beneficiary from "commuting, encumbering, withdrawing, or assigning" any portion of the proceeds prior to actual receipt from the company?

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  1. 22 June, 08:34
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    The specific kind of insurance policy based on the description provided by the question would be the Spendthrift clause. By definition, a spendthrift provision is a term that is used mainly to describe a provision wherein the inheritance of the benefactor is protected from being given away to another individual.
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