Arthur is the policyowner of a whole life insurance contract. The insured is Betty. The primary beneficiary is Carl and the contingent beneficiary is Diane. Betty and Carl die simultaneously in a horrible airplane crash. It is impossible to determine which died first. Which of the following is true? A) If Arthur and Diane are both alive, Diane will receive the proceeds. B) If Arthur is alive but Diane is not, Carls estate will receive the proceeds C) If neither Arthur nor Diane is alive, Bettys estate will receive the proceeds. D) It doesnt matter which of Arthur or Diane is alive to determine who will receive the proceeds. Explanation:

Which of the following life insurance policy provisions is unique to cash value life insurance? A) Reinstatement provision B) Policy loan provision C) Grace period provision D) Misstatement of age provision E) Entire contract provision Explanation: