Marilyn Simms Died with a $200,000 Life Insurance Policy

question 6

Multiple Choice

Marilyn Simms died with a $200,000 life insurance policy.Her husband,Jack,was the primary beneficiary and their children,Mimi (age 24) and Ann (age 30) ,were the contingent beneficiaries.All three survived Marilyn.How would the policy proceeds be distributed?

• A)$200,000 to Jack
• B)$100,000 each to Mimi and Ann
• C)$100,000 to Jack and $50,000 each to Mimi and Ann
• D)$66,666 each to Jack, Mimi, and Ann
• E)$150,000 to Jack and $25,000 each to Mimi and Ann

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Definitions:

Cultural Syndrome

Patterns of behavior, beliefs, and values that are characteristic of a specific culture, often influencing the mental health and well-being of its members.

Schizophrenia

A chronic and severe mental disorder that affects how a person thinks, feels, and behaves, characterized by delusions, hallucinations, and disordered thinking.

Genetic Predispositions

The inherited genetic patterns that influence the likelihood of developing certain diseases or conditions.

Prenatal Problems

Complications or issues that arise during pregnancy, potentially affecting the health of the mother or the development of the fetus.