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    Question

    A person named in a life insurance contract to receive

    the benefits of the policy if other named beneficiaries are not living is referred as ________.
    A Convertible Correct Answer Incorrect Answer
    B Contingent Liability Correct Answer Incorrect Answer
    C Contractual Liability Correct Answer Incorrect Answer
    D Contingent Beneficiary Correct Answer Incorrect Answer

    Solution

    A person named in a life insurance contract to receive the benefits of the policy if other named beneficiaries are not living is referred as Contingent Beneficiary.

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