Who can a policyowner choose as a beneficiary?

A policyowner has the flexibility to choose a beneficiary that can be an individual, such as a family member or friend, or an organization, such as a charity. This broad choice allows the policyowner to ensure that the death benefit from the insurance policy is directed to a person or cause that is meaningful to them.

In insurance terminology, beneficiaries are designated to receive the policy benefits upon the policyholder's death, which is why the choice is so significant. Selecting individuals allows for personal ties and potentially supporting loved ones, while selecting organizations can fulfill philanthropic goals.

The other options restrict the choice of beneficiaries either to a single type (organizations, insurance representatives, or government entities), thereby limiting the policyowner's ability to customize their beneficiary selection. This lack of flexibility does not align with the typical provisions provided in life insurance policies, which are designed to empower policyholders.