Final answer:
A Payor Benefit clause designates who receives the benefits upon the death of the primary policyholder in a life insurance policy.
Explanation:
A Payor Benefit clause is typically added to a life insurance policy to specify who will receive the benefits should the primary policyholder die. In this case, the correct answer would be parent as it refers to the individual who will benefit from the policy in case of the policyholder's death.
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