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YouTubeInsurance Exam Prep by JustInsurance
4 Parties in Life Insurance Explained — Insurer, Owner, Insured, Beneficiary
Four parties, four completely different roles — and you can't sell or buy life insurance properly until you understand how each one fits into the contract 💡 The insurer is the company on the hook for the death benefit. The owner controls the policy and pays the premiums. The insured is whose life is covered. The beneficiary collects when ...
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