Ted, the insured in a $75,000 life policy, and his sole beneficiary, Maxine, are killed instantly when their car is struck by a train. Under the Uniform Simultaneous Death Act, to whose estate will the policy proceeds be payable?

A) Ted's estate
B) Maxine's estate
C) Both Ted's and Maxine's estates, equally
D) The proceeds will escheat to the state"

Ans: A) Ted's estate

Business

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