J is named in a policy as the individual who is entitled to receive the policy proceeds upon the death of T. Which of the following statements best applies to this scenario?
J is named in a policy as the individual who is entitled to receive the policy proceeds upon the death of T. Which of the following statements best applies to this scenario?
a. J is named as the owner of T's policy
b. T is the insured in the policy and J is the named beneficiary
c. T is the owner and beneficiary of the policy
d. J is the insured and beneficiary of the policy
Answer: B
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