Question
Janice has named her husband Dan as the beneficiary of the life insurance policy under which she is the policy owner and the life insured.
Janice has named her husband Dan as the beneficiary of the life insurance policy under which she is the policy owner and the life insured. She wants Dan to receive the full proceeds if she predeceases him. Janice also wants to ensure that, if she and Dan should die in a common disaster, the proceeds of the life insurance policy are paid directly to their adult daughter Diana without going through Janice's will. Which of the following actions will address Janice's objectives?
Question options:
| Assign the policy to Diana |
| Name Diana as a contingent beneficiary |
| Complete an absolute assignment of the policy to Diana |
| Name Diana as a successor owner |
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