Portia is the beneficiary of a life insurance policy on Quentin's life obtained from Renewal Insurance Company through Stan, an insurance broker. The insured of this policy is

Question

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The insured of a life insurance policy is the person whose life is being covered by the policy. In this case, it is Quentin who is being insured, and Portia is the beneficiary who will receive the death benefit if Quentin passes away during the policy term. Renewal Insurance Company is the issuer of the policy, and Stan is the agent/broker who facilitated the sale.

Portia Is the Beneficiary of a Life Insurance Policy on Quentin's