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.
General Rule: Proceeds of a Life Insurance Policy Are Paid to the Named Beneficiary. In the ordinary course, the beneficiary that the insured has named under his life insurance. policy receives the proceeds of that policy. The policy owner has the right to change the. beneficiary designation so long as he is competent to do so. While a named beneficiary.