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.
Only the policy owner can access the cash value in a permanent life insurance policy, decide on its beneficiaries or change them. The insured person does not have the right to do anything unless he owns the policy. There can be misunderstandings and confusion among beneficiaries as the insured ages.A son who is named as beneficiary on his ailing parent's life insurance policy can't access the cash value or make any changes to the policy, even if his parent is elderly and incapable of making good decisions.he policyholder may also be the insured. For instance, a husband might purchase an insurance policy on his own life to protect his wife and children in case of his death. In that case, the husband is the policy owner and the insured. Or a policyholder could also be the beneficiary.