The Beneficiary of a Policy Is

question 145

Multiple Choice

The beneficiary of a policy is

• A)the owner of the policy.
• B)the one who pays the premiums.
• C)the life insured.
• D)the one who receives the settlement option.

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Definitions:

Bilateral Dissolution

Refers to the mutual agreement between two parties to end or dissolve a relationship or agreement.

Unhappiness

A state of dissatisfaction or sadness, often resulting from unmet expectations or difficulties in one’s life or surroundings.

Cost Escalation

The process whereby individuals continue to invest in a decision or project despite evidence of its failing prospects, influenced by prior investments.

Pseudo-De-Escalation

A perceived reduction in conflict or tension that does not actually resolve the underlying issues, potentially leading to further conflict.