JAMB Commerce 2023 Objective — Question 23

Question 23 of 40 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2023 Objective paper, with the correct answer and a full explanation.

The beneficiary of life insurance is A.

A. the insured.
B. the assured.
C. the dependence of the assured.Correct
D. the assurance company.

Explanation

Life assurance is taken to secure the future of the dependents. Thus, the dependants are the beneficiary of the life insurance policy.

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