Question $11$

Select the appropriate response

Who is the beneficiary in a life insurance policy?

The person designated to have control over the nonforfeiture options

The stated person or entity who is designated to receive the death proceeds

The person responsible for payment of the policy premiums

The stated person whose life is insured in the insurance contract

Question $12$

Select the appropriate response!

When premiums are determined, one factor would be the expenses of the

beneficiary

insurer

policyowner

producer