All of the following are examples of third-party ownership of a life insurance policy EXCEPTA When an insured purchased a new home, the insured made an absolute assignment of a life insurance policy to
the mortgage company.
B An insured borrows money from the bank and makes a collateral assignment of a part of the death benefit to
secure the loan.
An insured couple purchases a life insurance policy insuring the life of their grandson.
A company purchases a life insurance policy on their manager, who is an important part of the operation.