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Question 19 of 20

The person who will receive Amy's benefits in the case of her death is known as her

A. beneficiary
B. executor
C. conservator
D. power of attorney

SUBMIT


Sagot :

Final answer:

A beneficiary is the individual entitled to receive benefits in the event of someone's death, like in an insurance policy.


Explanation:

Beneficiary is the person designated to receive benefits in the case of another person's death, such as in a life insurance policy or will.

For example, in the scenario given, Amy's designated beneficiary would receive her benefits if she were to pass away.

It is crucial to have a clear beneficiary designation to ensure proper distribution of assets.


Learn more about Beneficiaries and inheritance here:

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