If No Beneficiary Is Named in a Life Insurance,the Proceeds

question 96

True/False

If no beneficiary is named in a life insurance,the proceeds go the federal government.

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Definitions:

Hypothetical-deductive reasoning

A method of problem-solving or decision-making that starts with a hypothesis or a proposed explanation, then deduces logical consequences to test the hypothesis.

Logical implications

The relationship between statements where the truth of one indicates the truth of another; foundational in reasoning and argumentation.

Premises

Buildings and land owned or occupied by a person or organization.

Formal operational thinking

A stage in Jean Piaget's theory of cognitive development, starting around age 12, where individuals gain the ability to think abstractly and logically.