Leighton Wants to Buy a New Car

Multiple Choice

Leighton wants to buy a new car.He goes to the bank to get a loan for the purchase,and signs an agreement to pay $10.00 per month in premiums on a term life insurance policy which names the bank as the recipient of the policy proceeds in the event of his death before the loan is repaid.The bank is a(n) :

A) incidental beneficiary.
B) creditor beneficiary.
C) donee beneficiary.
D) assignee.