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Karl Lashley believed that:
Beneficiary Payment
Payments made from an account or estate to the individual or entity designated to receive them.
Appraisal Clause
A provision in an insurance policy requiring that any disagreement on the value of a claim be determined through an appraisal process.
Insurance Policy
A contract between an insurer and the insured, outlining the terms for coverage of specific risks in exchange for premiums.
Antilapse Clause
A provision in a will or estate plan that allows for the substitution of beneficiaries in the event the original beneficiary predeceases the testator.
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