3. Cathy and her husband Graham took out a life insurance policy on each other's life when they were first martied 5 years ago. They named each ofher as irrevocable beneficiaries. Three years later, they had a daughter, Stella, whom they each named as contingent beneficiary with Cathys mother, Martha, as trustee. Cathy and Graham divorced a few months ago. Cathy has since submitted a beneficiary change request to the insurance company to have her mother Martha listed as beneficiary, keeping Stella as contingent beneficiary. Sadly, her mother died last month. If Cathy died today, who would be the beneficiary to the proceeds of her iffe insurance policy? Her exhusband Graham, as there was no consent given for the change of beneficiary. Her mother Martha, as this is the most recent beneficiary requeet on file and her mother is a preferred beneficiary. Her daughter Stella, as she is a preferred beneficiary being Cathy's only child, and the contingent beneficiary following Martha's dearh Cathy's estate, as the most recently designated beneficiary pre deceased her and the contingent beneficiary is a minot, with no iving trusiee named