The beneficiary of a life insurance policy would ordinarily be:
A)a creditor beneficiary.
B)an incidental beneficiary.
C)a donee beneficiary.
D)a debtor beneficiary.

Question

Quizplus · Accepted Answer

A donee beneficiary is the person who receives the benefits of a life insurance policy as a gift from the policyholder. This is the most common type of beneficiary for life insurance policies. A creditor beneficiary is a person or company to whom money is owed, and an incidental beneficiary is someone who may benefit from a policy but is not the intended beneficiary. A debtor beneficiary would be the person who has taken out the life insurance policy for themselves.

The Beneficiary of a Life Insurance Policy Would Ordinarily Be