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In: Operations Management
In order for a person to collect from a life insurance policy, the beneficiary who purchases...
In order for a person to collect from a life insurance policy, the beneficiary who purchases the policy must have ___________ in the life of the insured.
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Expert Solution
Question=In order for a person to collect from a life insurance policy, the beneficiary who purchases the policy must have ___________ in the life of the insured.
Answer- insurable interest or financial dependency
Reason= insurable interest or financial dependency indicates that the loss of life of the insured person would result in the financial loss
keosha answered 2 years agoRelated Solutions
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