Bea takes out a life insurance policy with Vida Insurance Corporation that names her spouse Wendell as the beneficiary. This is
A) a delegation.
B) an assignment.
C) a third party incidental beneficiary contract.
D) a third party intended beneficiary contract.

Question

Bea takes out a life insurance policy with Vida Insurance Corporation that names her spouse Wendell as the beneficiary. This is
A) a delegation.
B) ​an assignment.
C) ​a third party incidental beneficiary contract.
D) ​a third party intended beneficiary contract.

Quizplus · Accepted Answer

This is a third party intended beneficiary contract because the life insurance policy is intended to benefit Wendell, making him an intended beneficiary.

Bea Takes Out a Life Insurance Policy with Vida Insurance