A Life Insurance Policy Allows the Owner to Name Both

question 72

True/False

A life insurance policy allows the owner to name both a primary beneficiary and contingent beneficiaries.

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Definitions:

Neoclassical Economist

An economist who studies the determination of prices, outputs, and income distributions in markets through supply and demand.

Sugary Treats

Food items that are high in sugar content, often enjoyed as snacks or desserts.

Neoclassical Economists

Economists who advocate for theories focusing on supply and demand as drivers of price and output in markets, emphasizing the role of individuals’ rational choices in resource allocation.

Human Behavior

The range of actions and mannerisms exhibited by humans in conjunction with their environment, influenced by culture, attitudes, emotions, and genetics.