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Social Studies, 16.12.2019 23:31 wangf123

Kate goes to life insurance company and purchases a $3 million life insurance policy on her life. kate names her husband rich as the beneficiary of the life insurance policy—that is, he will be paid the $3 million if kate dies.

kate makes the necessary premium payments to life insurance company. she dies in an automobile accident. life insurance company does not pay the $3 million life insurance benefits to rich.
rich can sue life insurance company to recover the life insurance benefits because he is .

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