Assume that the conditions of the survivorship clause are not fulfilled in a particular scenario.Which of the following beneficiaries would receive the proceeds from the policy?

Question

Quizplus · Accepted Answer

When the conditions of the survivorship clause are not fulfilled, the proceeds from the policy go to the contingent beneficiary. This is because the primary beneficiary is either unavailable or unable to accept the proceeds, making the contingent beneficiary the next in line to receive the benefits.

Assume That the Conditions of the Survivorship Clause Are Not