Question

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?

An executor of the will because life insurance is part of the will
A legal guardian because this individual protects Emile’s life insurance
A power of attorney because this person knows life insurance laws
A beneficiary designation because this specifies the recipient of Emile’s insurance

Answer 1

A beneficiary designation — it names who receives the life insurance proceeds. Life insurance typically pays the named beneficiary directly (not via the will), a power of attorney acts only while you’re alive, an executor administers the estate after death, and a guardian protects minors/incapacitated persons rather than receiving insurance by default.