Maria buys a life insurance policy for her husband, Fred. Of the following, which correctly describes the party legally bound to fulfill the policy's promise of paying benefits?

Maria buys a life insurance policy for her husband, Fred. Of the following, which correctly describes the party legally bound to fulfill the policy's promise of paying benefits?


a. The insured

(b.) The insurer

c. The insurer and Maria

d. The insurer and Fred



Answer: B

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