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,Riley 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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