Which of the following statements about contingent beneficiaries is false?
A. The contingent beneficiary receives benefits equally with the primary beneficiary
B. More than one contingent may be named
C. They will receive the death benefit if the primary predeceases the insured
D. They receive remaining installment or income payments to be made under a settlement agreement if the primary were to decease prematurely
Ans: A. The contingent beneficiary receives benefits equally with the primary beneficiary
You might also like to view...
Roland purchases a life insurance policy and names his spouse, Carol, as a beneficiary. Roland's children, Sasha and Alex, are to share the benefits equally if Carol dies before him. His church is to receive the proceeds if his spouse and children all predecease him. The primary beneficiary is
A) Alex B) the church C) Carol D) Sasha"
A product has an annual demand of 3600 units. Unit cost for this product is $3. Set up cost is $20 and the inventory carrying rate as a percent of the unit cost is 25%. The product is produced in-house where the daily production rate is 50 units
Assume 360 working days per year. Determine the annual ordering cost and carrying cost if the optimal production quantity is made each time.