Attila and Maggie live in Ontario and after 10 years of marriage, they have divorced. When...

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Attila and Maggie live in Ontario and after 10 years of marriage, they have divorced. When they were married, Attila was the policy holder and life insured of a policy on his own life with Maggie as the irrevocable beneficiary. Attila is required to pay spousal support and child support under the settlement agreement. Which of the following is true regarding their roles in the life insurance contract after the divorce? Oa) Ob) Oc) Od) Maggie can remain the beneficiary on the policy but Attila must give his written permission. The policy is void as there no longer is an insurable interest. Ownership must be transferred to a person with an insurable interest. Maggie will remain the beneficiary on the policy and no changes are required. Attila and Maggie live in Ontario and after 10 years of marriage, they have divorced. When they were married, Attila was the policy holder and life insured of a policy on his own life with Maggie as the irrevocable beneficiary. Attila is required to pay spousal support and child support under the settlement agreement. Which of the following is true regarding their roles in the life insurance contract after the divorce? Oa) Ob) Oc) Od) Maggie can remain the beneficiary on the policy but Attila must give his written permission. The policy is void as there no longer is an insurable interest. Ownership must be transferred to a person with an insurable interest. Maggie will remain the beneficiary on the policy and no changes are required.

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