Per capita distribution in a life policy claim is typically payable to

Unlock all questions

This demo includes only 20 questions. Upgrade to access hundreds of questions, flashcards, exam simulations, and disable ads.

Full question bankExam simulationsFlashcards
From $24.99Unlock all

Study for the Louisiana Series 103 – Life, Health, and Accident or Sickness Insurance Exam. Familiarize yourself with key concepts through engaging questions and explanations. Prepare effectively for your exam!

Multiple Choice

Per capita distribution in a life policy claim is typically payable to

Explanation:
Per capita distribution means the death benefit is shared equally among the living primary beneficiaries at the time of the insured’s death. When there are multiple primary beneficiaries named and they are all alive, each receives an equal portion. If one of them dies before the insured, that share passes to the remaining living primary beneficiaries, not to the deceased’s estate, unless no living primary beneficiaries remain. This is why the proceeds are typically paid to the named living primary beneficiaries—they are the designated recipients who stand to receive the benefit directly, rather than through the insured’s estate or creditors.

Per capita distribution means the death benefit is shared equally among the living primary beneficiaries at the time of the insured’s death. When there are multiple primary beneficiaries named and they are all alive, each receives an equal portion. If one of them dies before the insured, that share passes to the remaining living primary beneficiaries, not to the deceased’s estate, unless no living primary beneficiaries remain. This is why the proceeds are typically paid to the named living primary beneficiaries—they are the designated recipients who stand to receive the benefit directly, rather than through the insured’s estate or creditors.

More Multiple Choice Questions
Subscribe

Get the latest from Passetra

You can unsubscribe at any time. Read our privacy policy