What is macey considered, AInsurance(the insurance company)

What is macey considered

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Reference no: EM133616821

Question

You recommend that Sarah take out an insurance policy on her life. Sarah does so. The insurance contract provides that (i) Sarah will make annual premium payments of $3,000 and (ii) AInsurance(the insurance company) will pay Macey $250,000 on Sarah's death. What is Macey considered?

Reference no: EM133616821

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