John 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. John is both the ________ and the ________ who will receive the ________ upon the death of Betty, the ________
A) insured; beneficiary; money; policyholder
B) policy owner; beneficiary; face amount; insured
C) policy owner; insured; face amount; beneficiary
D) beneficiary; premium payer; face amount; policy holder
E) none of the above
Answer: B
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