Ashley, the policy owner and insured, named Wendell as primary beneficiary and Barbara as contingent beneficiary. Just six (6) weeks prior to Ashley's death, Wendell and Barbara are killed in a common disaster. The insurance proceeds will be received by whom?

A. Ashley's survivors
B. Ashley's estate
C. Split equally between the estates of Wendell and Barbara
D. Wendell's estate

Ans: B. Ashley's estate

Business

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