What is the person(s) selected by a life insurance policyholder to - ProProfs Discuss
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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: Oct 21, 2019

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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 BenFinancial & Insurance Adviser, Higher Education, united kingdom
Financial & Insurance Adviser, Higher Education, united kingdom

Answered on 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.

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John Adney

John Adney

Answered on Apr 03, 2017

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

John Smith

John Smith

Answered on Jan 26, 2017

Benefiary
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