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Q is listed as the contingent beneficiary on his grandfather’s insurance policy. This means:
Options
a. he will receive the death benefit if the primary beneficiary died while his grandfather was still living.
b. he will receive the death benefit upon his grandfather’s death if the primary beneficiary does not meet certain insurance company requirements.
c. he will receive the death benefit upon his grandfather’s death if he meets certain insurance company requirements.
d. he will receive the death benefit upon his grandfather’s death.
Answer: A
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