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The person named to recieve the life assurance proceeds after the date of the life assured is?

Insurance
WAEC 2016

The person named to recieve the life assurance proceeds after the date of the life assured is?

  • A. beneficiary
  • B. receiver
  • C. administrator
  • D. next of kin
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Correct Answer: Option A
Explanation

A beneficiary is the person or entity you name in a life insurance policy to receive the death benefit.

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