April Purchased a Life Insurance Policy on Herself

question 42

True/False

April purchased a life insurance policy on herself.On her death,the proceeds of the insurance were to be paid to her minor child,Ryan.Ryan is the beneficiary.

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Definitions:

Legally Liable

The state of being legally responsible for something, especially in terms of debts or legal obligations.

Human Resources Management Systems

Integrated systems designed to help organizations manage and optimize their human resources processes, from recruiting and hiring to performance management.

HR Professionals

Individuals specializing in managing and advising on recruitment, employment law, compensation, employee relations, and organizational development within a company or organization.

Predominant Use

The primary application or most frequent usage of an object, concept, or process within a particular context or environment.