A Beneficiary Is a Person Designated to Receive Something,such as Life

question 28

True/False

A beneficiary is a person designated to receive something,such as life insurance proceeds,from the insured.

---

Definitions:

Death of a Partner

A significant event in a partnership that necessitates the revaluation and redistribution of partnership assets, liabilities, and equity according to the partnership agreement.

Personal Risk

refers to the uncertainties facing individuals that may threaten their health, safety, or financial security.

Indefinitely

An undefined period of time, with no set end date or limitation.