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At the time that Logan bought his life insurance policy, he did not know that his wife was expecting a third child. The contract names
At the time that Logan bought his life insurance policy, he did not know that his wife was expecting a third child. The contract names as beneficiaries insurers wife and children under the age of 18. Is this a valid description of the beneficiaries?
A. No, without parties' names beneficiary intent status is not clear.
B. Yes, third-party beneficiaries may be identified by class (e.g. children, grandchildren, wife, etc.).
C. No answer text provided.
D. No answer text provided.
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