When the insured and the beneficiary in a life insurance policy die simultaneously, how must the proceeds of the policy be distributed?
A) As if the beneficiary had survived the insured
B) As if the insured had survived the beneficiary
C) As if the insured had assigned the policy to the beneficiary
D) As if the insured had designated another beneficiary"
Ans: B) As if the insured had survived the beneficiary
Business
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