question 47 of 60 who has first rights to the death benefit of a life insurance policy? a. policyowner b…

question 47 of 60 who has first rights to the death benefit of a life insurance policy? a. policyowner b. insureds estate c. primary beneficiary d. contingent beneficiary

question 47 of 60 who has first rights to the death benefit of a life insurance policy? a. policyowner b. insureds estate c. primary beneficiary d. contingent beneficiary

Answer

Brief Explanations:

In life - insurance policies, the primary beneficiary is the person or entity designated by the policy - owner to receive the death benefit first. The policy - owner has rights to manage the policy but not first rights to the death benefit. The insured's estate may receive the benefit only if there is no designated beneficiary. A contingent beneficiary receives the benefit only if the primary beneficiary predeceases the insured.

Answer:

C. Primary beneficiary