A Person Who Is Named to Receive the Proceeds from a Life

question 18

Multiple Choice

A person who is named to receive the proceeds from a life insurance policy is a(n)

• A) Contract.
• B) Beneficiary.
• C) Policyholder.
• D) Insurer.
• E) Child.

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Definitions:

Noncompliance

The act of failing or refusing to comply with laws, regulations, or norms.

Impression Management

The practice of deliberately controlling or influencing the perceptions others have of an individual or group.

Tactics

Specific actions or strategies designed to achieve a short-term goal or to deal with a particular situation.

Agent

An individual or entity authorized to act on behalf of another (known as the principal) in dealing with third parties.