Question

Who is referred to as the "Life Assured" in an individual life insurance policy?

a.

The beneficiary named in the policy

b.

The person who purchases the policy

c.

The insurance agent selling the policy

d.

The person whose life is insured by the policy

Answer: (d).The person whose life is insured by the policy Explanation:The "Life Assured" is the person whose life is insured by an individual life insurance policy, meaning they are the individual covered by the policy's life insurance benefits.

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Q. Who is referred to as the "Life Assured" in an individual life insurance policy?

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