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One Should Typically Name Both Primary and Contingent Beneficiaries for Life

question 40

True/False

One should typically name both primary and contingent beneficiaries for life insurance policies.


Definitions:

Sex

A biological category based on reproductive organs and genetic makeup, commonly classified as male or female.

Psychoanalytic

Pertaining to a theory of psychology founded by Sigmund Freud, focusing on the role of unconscious motivations and early childhood experiences in determining behavior and personality.

Biological

Pertaining to the science of life or living organisms, their structure, function, growth, origin, evolution, and distribution.

Cognitive

Relating to mental activities such as thinking, understanding, learning, and remembering.

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