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.
In most states, if you name your spouse as the owner of your life insurance policy, the proceeds won't be included in your taxable estate. However, if you live in a community property state, special rules apply. life insurance policyowner has the right to control the economic benefits of the policy. The owner can have outright ownership of the policy or just incidents of ownership. Policy ownership includes: 1  The right to transfer ownership rights.