Question 2037 of 287 · Texas Life, Accident and Health Agent Exam
Designating a beneficiary by class (for example, 'my children') means
Exactly one answer is correct.
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Correct answer to question 2037
- B: the proceeds are shared among the members of the class who are living at the insured's death
Explanation
A class designation covers unnamed persons who fit the description, including children born after the policy was issued. Specific names offer more certainty and are generally preferred.
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