Benjamin Barry Has Been Named by Katie Anderson to Follow

question 132

Multiple Choice

Benjamin Barry has been named by Katie Anderson to follow her instructions and distribute her assets as she has designated in her will,pay any bills,and collect any money owed to her.To which position has Benjamin been named?

• A)Executor
• B)Trustee
• C)Guardian
• D)Beneficiary
• E)Agent

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Definitions:

Universal Life

A type of flexible permanent life insurance offering the low-cost protection of term life insurance as well as a savings element, which is invested to provide a cash value buildup.

Asset Allocation Strategy

The process of dividing investments among different kinds of asset classes to optimize risk and reward according to an individual's or institution's objectives and risk tolerance.

Equities

Shares or stocks representing an ownership interest in corporations, providing a claim to part of the firm's assets and profits.

Global Investments

Investing in assets or securities from around the world to diversify investment portfolios and manage risk.