Q: 19
Mark and Jesse had a joint life insurance policy which they purchased on the advice of their
insurance agent, recognizing that if one of them died, the other would need an insurance benefit to
pay off their mortgage and for final expenses. Coverage is $450,000. Last week their car went off the
road in a snowstorm. Both were declared dead at the scene. The two had named their adult nephew,
Louis, as contingent beneficiary. What is the amount of the benefit the insurer will pay Louis?
Options
Discussion
No comments yet. Be the first to comment.
Be respectful. No spam.
