Under a common disaster clause in a life insurance policy, it is assumed that

A) the insured and primary beneficiary died simultaneously
B) the primary beneficiary died last, unless the insured lives beyond a stipulated period
C) the contingent beneficiary is entitled to the policy proceeds
D) the insured died last, unless the primary beneficiary lives beyond a stipulated period"

Ans: D) the insured died last, unless the primary beneficiary lives beyond a stipulated period"

Business

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