The beneficiary on Walter's life insurance policy reads, "Children of the Insured." Which of the following phrases best describes this type of beneficiary designation?
The beneficiary on Walter's life insurance policy reads, "Children of the Insured." Which of the following phrases best describes this type of beneficiary designation?
A) Attractive nuisance beneficiaries.
B) Juvenile beneficiaries.
C) Class beneficiaries.
D) Generational beneficiaries.
Answer: C) Class beneficiaries.
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