If Mary Is Not Sure Her Primary Beneficiary Will Survive

question 41

Multiple Choice

If Mary is not sure her primary beneficiary will survive her,she should

• A)name a contingent beneficiary.
• B)name joint beneficiaries.
• C)change her beneficiary.
• D)name her estate as beneficiary.

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Definitions:

Real Assets

Physical or tangible assets that have intrinsic value, such as real estate, commodities, or natural resources.

Financial Intermediaries

Institutions that act as middlemen between savers and borrowers, including banks, credit unions, and insurance companies.

Savers

Individuals or organizations that set aside a portion of their income for future use, often by depositing it into financial accounts that earn interest.

Borrowers

Individuals or entities that receive funds from a lender under the condition of returning it typically with interest.