When a primary beneficiary dies before the insured,proceeds are payable to
A)the state
B)the probate court
C)the insured's estate
D)the contingent beneficiary or beneficiaries
E)the insurance company keeps the proceeds

Question

Quizplus · Accepted Answer

If a primary beneficiary dies before the insured, the proceeds are payable to the contingent beneficiary or beneficiaries. This is why it's important to name both primary and contingent beneficiaries to ensure that the benefits go to the intended recipient if the primary beneficiary is unable to receive them. If there are no named contingent beneficiaries, the proceeds may then be paid to the insured's estate.

When a Primary Beneficiary Dies Before the Insured,proceeds Are Payable