Riley knows her ex-husband would not think about taking out a life insurance policy on himself to protect their two children in the event of his untimely death. As a result, Riles is taking out a policy on him and paying for it herself. That makes Riley the ________ and her children are the ________.
A) insured, policy holders
B) policy owner, beneficiaries
C) beneficiary, policy holders
D) insured, policy owners
E) none of the above.
Correct Answer:
Verified
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