A solar array consists of one or many such panels. A photovoltaic array, or solar array, is a linked collection of solar panels. The power that one module can produce is seldom enough to meet requirements of a home or a business, so the modules are linked together to form an array.
The policy owner is the contract owner and is, in many cases, also the life insured. The policy owner has most of the rights in the contract such as the right to designate a named beneficiary and make changes to that designation at any time.
A trust, as owner of a life insurance policy is taxed in the same manner as an individual owner on death benefit and policy. dispositions. Generally a life insurance policy owned by at trust can be rolled out to a beneficiary of the trust at cost (ACB), meaning no. tax would be payable until a subsequent disposition.