Danielle purchases life insurance on her own life with Big Life Insurance and ma

Question

Danielle purchases life insurance on her own life with Big Life Insurance and makes her husband, Walter, the beneficiary. Which of the following statements is true? A. Danielle is an intended third-party beneficiary. B. Walter is a donee beneficiary. C. Danielle is a donee beneficiary. D. Big Life Insurance is a creditor beneficiary. Danielle purchases life insurance on her own life with Big Life Insurance and makes her husband, Walter, the beneficiary. Which of the following statements is true? A. Danielle is an intended third-party beneficiary. B. Walter is a donee beneficiary. C. Danielle is a donee beneficiary. D. Big Life Insurance is a creditor beneficiary.

Explanation / Answer

Donee Beneficiary is a person, who is actually a non-party in a contract. However, he entitles to receive a benefit from the completion of the contract. He (donee benefiary) could also be the third party that benefits from a donation or gift.

Therefore,option B is correct answer according to above explanation.

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