A and B are married and have no kids. They each have an individual property life insurance policy naming the other spouse as primary beneficiary. If the spouse does not survive, then A has n
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Get it written →A and B are married and have no kids. They each have an individual property life insurance policy naming the other spouse as primary beneficiary. If the spouse does not survive, then A has named A’s parents as secondary beneficiary on A’s policy, and B has named B’s parents as secondary beneficiary on B’s policy. The wills are set up the same way – all to spouse, but if spouse doesn’t survive, then to parents.
Survivorship period: 120 hours.
a) Discuss the disposition of the 2 life insurance policies, if B were to survive 1 week longer than A?
b) Why would A’s life insurance policy pass by B’s will/intestacy to B’s parents?
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