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.

---

Definitions:

Unit of Y

A hypothetical unit used in economic models to represent output or goods produced.

Fourth Unit

Referring to a specific, individual measure or item in a sequence, often used to highlight a particular point in quantitative analysis.

Unit of X

A standard measure or quantity of something, used as a means of expressing or describing the amount.

Increase in Price

A situation where the cost of goods or services rises, affecting the supply and demand equilibrium.