Rhea takes out a life insurance policy with Secure Insurance Corporation that names her spouse Tim as the beneficiary. This is
A) a delegation.
B) an assignment.
C) a third party incidental beneficiary contract.
D) a third party intended beneficiary contract.

Question

Quizplus · Accepted Answer

In this scenario, Tim is a third party intended beneficiary because the life insurance policy is specifically intended to benefit him upon Rhea's death.

Rhea Takes Out a Life Insurance Policy with Secure Insurance