Which is correct?

A. Policy proceeds on surrender may be paid to the assured in an emergency

B. Only wife can be a trustee in such policy

C. If a trustee is not appointed the policy money can only be paid to the official trustee of the state

D. Only children can be beneficiaries of the policy

Answer: Option C

Solution(By Examveda Team)

If a trustee is not appointed the policy money can only be paid to the official trustee of the state.