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.
The payor on a term life insurance application is the person who will be paying the premiums for the policy. In most cases the person who is applying for the life insurance will be the person paying for it. For example If I take out a policy of my own and Iâm paying for it with my own income /savings, I am the payor.