Question
In: Economics
The 'beneficiaries' of an life insurance policy are those who: reimburse the sum assured. pay the...
The 'beneficiaries' of an life insurance policy are those who:
| reimburse the sum assured. |
| pay the premiums. |
| buy the policy. |
| issue the policy. |
| are protected by the policy. |
Solutions
Expert Solution
The main beneficiaries of a life insurance policy are those who are "Are protected by the policy".
The people reimbursing the sum are the one fitting the bill, same with the people paying the premiums and an insurance can be bought for others too, how is that going to benefit me. The issuer doesn't benefit from the policy but the people who are protected by the policy are the one who benefits the most.
Rahul Sunny answered 2 years agoRelated Solutions
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