Professor Dought has a life insurance policy on his own life that provides that in the event of his death, his mother will receive the proceeds. Professor Dought's mother is a (n) : a. incidental beneficiary. b. creditor beneficiary. c. donee beneficiary. d. assignee.

Question

Business

Lukas Burke

16 July, 23:55

Professor Dought has a life insurance policy on his own life that provides that in the event of his death, his mother will receive the proceeds. Professor Dought's mother is a (n) : a. incidental beneficiary. b. creditor beneficiary. c. donee beneficiary. d. assignee.

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Answers (2)

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Gregory Peck · Answer 1

Donee Beneficiary

Explanation:

Professor Dought is the policy holder that enter in to contractual agreement with the insurance company. he draw is life insurance plan. while a donee beneficiary's claim to benefit from the contract amounts to a gift from one of the contractual parties.

Kylie Burke · Answer 2

c. donee beneficiary

Explanation:

A donee beneficiary is that person who will receive the amounts indicated in the insurance policy. For this reason, we can conclude that Professor Dought's mother is a donee beneficiary, because Professor Dought's life insurance indicates that she must receive the money indicated in the insurance policy if Professor Dough dies.