Hank Johnson named his three kids and nephew as people to whom his life insurance should be paid out upon his death. This is an example of designating _____________.

Name: Hank Johnson named his three kids and nephew as people to whom his life insurance should be paid out upon his death. This is an example of designating _____________.
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Question

Quizplus · Accepted Answer

Beneficiaries are the individuals or entities designated to receive the proceeds from a life insurance policy upon the policyholder's death.

Hank Johnson Named His Three Kids and Nephew as People