What type of insurance can be transferred without the insurer's permission?

Life insurance policies typically contain a provision that allows for the transfer or assignment of the policy's ownership without requiring permission from the insurance company. This is a significant feature of life insurance, as it gives the policyholder the flexibility to assign their policy to another person or entity, such as a financial institution or another individual, as collateral for a loan or for other purposes.

This transfer often involves a written notice to the insurer, but the consent of the insurer is not a prerequisite for the transfer to take effect. It differs from other types of insurance, like auto, health, or property insurance, where such transfers generally would require the insurer's approval due to the personal nature of the coverage or the underwriting criteria tied to the initial issuance of the policy.

In essence, life insurance's ability for assignment without insurer consent provides policyholders with greater control over their assets and financial planning, making option B the correct answer.