The person named to recieve the life assurance proceeds after the date of the life assured is?
Answer Details
The person named to receive the life assurance proceeds after the death of the life assured is called the beneficiary. The beneficiary is the person designated by the policy owner to receive the death benefit in the event of the insured's death. The beneficiary could be a family member, a friend, a business partner or a charitable organization. The policy owner has the flexibility to change the beneficiary at any time during the policy term.