Hachiro, age 45, purchased a life insurance policy from AllPro Insurers and named his 8-year-old son, Takeshi, as a beneficiary. Which of the following statements regarding this situation is CORRECT?
A) Hachiro and Takeshi are considered parties to the insurance contract.
B) Takeshi is not a competent party to the insurance contract because he is a minor.
C) Hachiro, AllPro Insurers, and Takeshi are considered parties to the insurance contract.
D) Takeshi is not a party to the insurance contract."
Ans: D) Takeshi is not a party to the insurance contract."
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