Question: 9 UNIT 4 - CHALLENGE 4 . 1 : Insurance 1 Paul and Ronald are business partners who own a law firm together. Paul takes

9
UNIT 4- CHALLENGE 4.1: Insurance
1
Paul and Ronald are business partners who own a law firm together. Paul takes out a life insurance policy on Ronald, with Ronald's wife receiving the insurance payout If Ronald should die.
Which of the following is true in this scenario?
a.) Ronald is named the beneficiary on the insurance policy.
b.) Paul is resporiable for paying the insurance premiums.
c.) The life insurance company is the policy ownec.
d.) Ronald's wife is the person who's being insured.
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9 UNIT 4 - CHALLENGE 4 . 1 : Insurance 1 Paul and

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