Question

Explain the purpose of insurance. If a mother purchases health insurance for her and her
four (4) children, who is the policyholder, and who is (are) the beneficiaries?

Answer 1

The mother is the policyholder and she is the beneficiaries of the health policy.

What is a health insurance?

This is a life related policy that is effected to provide compensation for medical expenses incurred by the policyholder.

Hence, the mother is the policyholder and she is the beneficiaries of the health policy.

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