A contingent beneficiary
A) will always share in the insurance pay-out.
B) will share in the insurance pay-out only if he or she satisfies certain conditions set out in the will.
C) will share in the insurance pay-out only if the primary beneficiary is not alive.
D) will share in the insurance pay-out only if the primary and secondary beneficiaries are not alive.
Correct Answer:
Verified
Q18: A good rule of thumb is that
Q19: A single life policy
A)may only provide benefits
Q20: Which of the following individuals would definitely
Q21: Dividend payments on life insurance policies
A)are always
Q22: Life insurance policyholders typically receive dividends from
A)mutual
Q24: The surrender value on a life insurance
Q25: A premium is
A)the increase in cash value
Q26: If a life insurance policy is renewable,
A)the
Q27: The premium on a life insurance policy
Q28: For tax purposes a life insurance dividend
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