Question

D is the policyowner and insured for a $50,000. What role does d play in the insurance policy?

A) Beneficiary
B) Insurer
C) Policyowner
D) Underwriter

Answer 1

D plays the role of the Policyowner in the insurance policy, holding the rights and responsibilities of the policy, including payment of premiums.

Step-by-step explanation:

The role that D plays in the insurance policy is the Policyowner. As the policyowner, D holds the rights to the policy, including the ability to make changes to it, such as designating beneficiaries, and is responsible for paying the premiums. In most cases, the policyowner is also the insured, but they are not the beneficiary unless they have named themselves as such in cases where it is permitted. The beneficiary is the person or entity designated to receive the insurance proceeds upon the death of the insured. The insurer is the company that provides the insurance coverage, and the underwriter is the person or entity responsible for evaluating and assuming the risk of the insurance policy.