Reno is the beneficiary of a life insurance policy on Sula's life obtained from Thicket Insurance Company.The insured of this policy is

Question

Quizplus · Accepted Answer

The insured of a life insurance policy is the person whose life is insured, in this case, it is Sula. Therefore, the beneficiary is Reno, and Thicket Insurance Company is the insurer. The agent or broker through whom the policy was obtained is a third party in this transaction.

Reno Is the Beneficiary of a Life Insurance Policy on Sula's