A Life Insurance Policy Can Be Structured So That Death

question 49

Multiple Choice

A life insurance policy can be structured so that death benefits are paid directly to a(n) ___________,which means that creditors cannot claim the cash benefits from the life insurance policy. ​

• A)insurance agent
• B)named beneficiary
• C)underwriter
• D)insurance broker

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Definitions:

Decimal Places

The number of digits to the right of the decimal point in a number, which determines the precision of the value.

Decimal Places

The number of digits to the right of the decimal point in a number, specifying its precision.

Currency Field

A specific data type in databases used to store monetary values, ensuring accurate financial data representation with appropriate decimal places.

Table Datasheet

A view in database applications that displays data in rows and columns, similar to a spreadsheet, allowing for data entry and editing.