Question $8$

$2\mathrm{.}57$ pts

Bob purchases a life insurance policy on his wife Betty where he

pays the premium and he will receive the life insurance money

when she dies. Bob is both the

and the

who will receive the

upon the death of Betty, the

beneficiary; premium payer; face amount; policy owner

policy owner; insured; face amount; beneficiary

policy owner; beneficiary; face amount; insured

insured; beneficiary; naney; policyholder