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

Quizplus · Accepted Answer

Professor Dought's mother is a donee beneficiary because she is receiving the proceeds solely as a gift or donation. She has no legal or contractual right to the benefits and did not contribute to the policy premiums.

Professor Dought Has a Life Insurance Policy on His Own