As part of his estate plan, Emile must determine who will receive his life insurance settlement in the event of his death. Which role is Emile identifying?

A life insurance beneficiary designation names the person or organization that receives the policy’s death benefit. Emile is identifying who will receive the insurance settlement, so the correct choice is “a beneficiary designation.” Life insurance proceeds generally pass to the named beneficiary rather than being controlled by the executor of the will.

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