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What is the person(s) selected by a life insurance policyholder to receive the policy’s benefits upon the death of the insured called?



This question is part of Life Insurance- Test 1
Asked by Gizelle, Last updated: Apr 26, 2020

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3 Answers

Thomas Ben

Life Insurance Adviser who can connect the policy seekers with the right insurance providers. https://www.swiftlifeinsurance.co.uk

Thomas Ben, Financial & Insurance Adviser, Higher Education, united kingdom

Answered Oct 21, 2019

When an insured person demise unexpectedly the beneficiary will get paid lump sum money as the insurance company agreement. it all depends upon the policy you have chosen.

 

John Adney

John Adney

Answered Apr 03, 2017

The spelling is wrong it should be Beneficiary. Please correct this.
 

John Smith

John Smith

Answered Jan 26, 2017

Benefiary
 

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