The purpose of the _____ provision is to enable the owner of the policy to designate to whom the proceeds shall be paid when the insured dies.

Question

Quizplus · Accepted Answer

The "payment of benefits" provision allows the policy owner to designate the beneficiary or beneficiaries who will receive the proceeds of the policy upon the death of the insured, ensuring that the funds go to the intended parties.

The Purpose of the _____ Provision Is to Enable the Owner