Shawn, Mike, and Dave are brothers who have a $100,000 "first to die" joint life policy covering all three of their lives. If Mike dies first, the policy proceeds

Shawn, Mike, and Dave are brothers who have a $100,000 "first to die" joint life policy covering all three of their lives. If Mike dies first, the policy proceeds 




a) will no longer provide insurance protection
b) will go to Mike's estates
c) will be provided by probate
d) will not be paid until the last brother dies



Answer: a) will no longer provide insurance protection

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