The One Named in the Policy to Receive the Insurance

question 26

Multiple Choice

The one named in the policy to receive the insurance proceeds in case of the death of the one taking out the policy is the:

• A)Insured
• B)Insurer
• C)Beneficiary
• D)Both insured and beneficiary
• E)None of these

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Definitions:

Capital

Capital refers to financial assets or physical goods that are used by a company to produce goods, offer services, or create additional wealth, including tools, machinery, and buildings.

Chicago Cubs

A professional American baseball team based in Chicago, Illinois, known for their long history and passionate fanbase.

Implicit Cost

The opportunity costs of using resources that a company already owns to produce goods or services, not involving direct payment.

Central Florida

A region in the U.S. state of Florida, typically considered to include the central part of the state, known for its tourism industry and attractions such as theme parks.