Where would policy proceeds be paid if both the insured and primary beneficiary were killed in the same accident?

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Where would policy proceeds be paid if both the insured and primary beneficiary were killed in the same accident?

a) primary beneficiary's estate
b) contingent beneficiary
c) insured's estate
d) children of the insured

Answer: b) contingent beneficiary

WA Life Insurance

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In an insurance contract, the element that shows each party is giving something of value is called

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The pro rata liability clause is designed to protect the principle of
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The pro rata liability clause is designed to protect the principle of
The two major actions required for a policyholder to comply with the Reinstatement Clause are
Life insurance policies will normally pay for losses arising from
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In an insurance contract, the applicant's "consideration" is the
Agents may be found guilty of defamation if they make a false statement that is intended to?
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The voluntary relinquishment of a legal right is called
What documentation grants express authority to an agent?
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All of the following statements are true regarding installments for a fixed amount EXCEPT
Fraternal Benefit Society has each of the following characteristics EXCEPT
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A securities license is required for a life insurance producer to sell
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All of the following are true regarding a decreasing term policy EXCEPT
Purchasing a life insurance policy in order to avoid the forced sale of assets upon death is called
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Insurable interest does NOT occur in which of the following relationships?
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The authority granted to a licensed producer is provided via the
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All of the following are true regarding rebates EXCEPT
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Items stipulated in the contract that the insurer will not provide coverage for are found in the
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Life income joint and survivor settlement option guarantees
What is the other term for the cash payment settlement option?
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What is the purpose of establishing the target premium for a universal life policy?
Which of the following is NOT true regarding the accumulation period of an annuity?
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Which of the following is true regarding a market value adjusted annuity?
What is the other term for the cash payment settlement option?
What documentation grants express authority to an agent?

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