Which of the following beneficiary designations would meet the policyowner's wish to have his children receive equal shares of his life insurance. And if any of his children should die before he does, he wants the surviving children to receive the deceased child's share equally divided among them.
A. Per capita designation
B. Per stripes designation
C. Each named as contingent with equal shares.
D. Any of the above would produce the desired results.
Answer: A. Per capita designation
Business
You might also like to view...
Which of the following is NOT one of the ways direct exporting happens?
A) overseas sales branch or subsidiary B) domestic-based export agents C) domestic-based export division D) traveling export sales representatives E) foreign-based distributors or agents
Business
Debts that are to be paid off within a year are called
A) intermediate-term liabilities. B) one-year liabilities. C) current liabilities. D) insignificant debts.
Business