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.
cover its potential loss at the death of such employee. Such insurance coverage is usually referred to. as key person life insurance. Under most circumstances, the business should be the owner, premium payer, and beneficiary of. the policy purchased on a key employee. The goal is to have an influx of cash at the death of a key.