Susan Took Out a Life Insurance Policy on Herself,paying All

question 44

Multiple Choice

Susan took out a life insurance policy on herself,paying all of the premium payments.She named her daughter,Jessica,as the beneficiary under the policy.Jessica has not given anything in consideration for the policy.Jessica is a(n)

• A)donee beneficiary who has rights to enforce the policy once Susan dies.
• B)creditor beneficiary who has rights to enforce the policy once Susan dies.
• C)incidental beneficiary because Jessica did not give any consideration for the policy and therefore cannot enforce the policy even when Susan dies.
• D)promisor in the contract with no enforcement rights.

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Definitions:

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