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.

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Definitions:

Eighteenth Century

A term referring to the period from 1701 through 1800 in the Gregorian calendar, marked by significant developments in various fields such as science, politics, and philosophy.

Emigration

The act of leaving one's country or region to settle in another.

Cash Crop

Agricultural crops grown primarily for sale to return a profit, such as cotton, tobacco, and sugar, rather than for personal use by the farmers.