If an irrevocable beneficiary dies before the policyowner, who of the following gains control of a life insurance policy with a reversionary irrevocable clause?

Insurance

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If an irrevocable beneficiary dies before the policyowner, who of the following gains control of a life insurance policy with a reversionary irrevocable clause?

A) Irrevocable beneficiary’s children.

B) Policyowner.

C) Insurer.

D) Insured.

Answer: B) Policyowner.

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