Which of the Following Refers to the Person Who Receives

question 83

Multiple Choice

Which of the following refers to the person who receives the policy death benefit when the insured dies?

• A) Policy owner.
• B) Insured.
• C) Insurable interest.
• D) Beneficiary.

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Definitions:

Tenant's Balance Sheet

A tenant's balance sheet is a financial statement that details a tenant's financial position at a given time, including assets, liabilities, and equity, specific to their rental obligations and resources.

Owner's Equity Account

Represents the amount of capital that the owner or owners of an entity have contributed, including profits retained in the business and personal withdrawals.

Supplies

Items used in the operation of a business or in the production of goods and services that are typically consumed within a short period.

Purchased

Acquisition of goods or services in exchange for money or its equivalent.