Which of the Following Statements About Beneficiary Designations Is True

question 4

Multiple Choice

Which of the following statements about beneficiary designations is true?

• A)A primary beneficiary is entitled to the death proceeds of a life insurance policy only if the contingent beneficiary dies before the insured.
• B)If a revocable beneficiary designation is used,the insured must obtain the beneficiary's permission to exercise most policy rights.
• C)The effect of a class beneficiary is to divide death proceeds equally among the members of a particular group.
• D)Naming the insured's estate as primary beneficiary is the best way to avoid probate expenses,inheritance taxes,and claims of creditors.

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Definitions:

Frontal Lobes

Brain regions involved in decision making, problem-solving, and controlling behavior and emotions.

Memory Attributes

Characteristics or properties of memory, such as duration, capacity, and fidelity, that define how information is encoded, stored, and retrieved.

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The creation of an inaccurate record of childhood sexual abuse.

Hippocampus

A critical region in the brain involved in the formation of new memories and spatial navigation.