Shawn, Mike, and Dave are brothers who have a $100,000 “first to die” joint life policy covering all three of their lives. If Mike dies first, the policy proceeds

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Shawn, Mike, and Dave are brothers who have a $100,000 “first to die” joint life policy covering all three of their lives. If Mike dies first, the policy proceeds

Options

a) will no longer provide insurance protection
b) will go to Mike’s estates
c) will be provided by probate
d) will not be paid until the last brother dies

Answer: a) will no longer provide insurance protection

The above question Shawn, Mike, and Dave are brothers who have a $100,000 “first to die” joint life policy covering all three of their lives. If Mike dies first, the policy proceeds, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.