Dhani is the beneficiary of a life insurance policy on Elmo's life obtained from Famed Insurance Company. The insured under this policy is

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Quizplus · Accepted Answer

The insured under the policy is Elmo, meaning that he is the person whose life is being insured. Dhani is the beneficiary, meaning that they would receive the benefits of the policy in the event of Elmo's death, but this does not make them the insured party. Famed Insurance Company is the company that issued the policy, and the agent or broker is simply the intermediary who helped Dhani obtain the policy.

Dhani Is the Beneficiary of a Life Insurance Policy on Elmo's