Which statement is an example of naming a beneficiary by class?

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

Which statement is an example of naming a beneficiary by class?

Explanation:
Naming a beneficiary by class means designating a group defined by a relationship or common characteristic, not a specific person. The statement about the children born of my union with Ned Jackson fits this: it identifies all children from that marriage as the class of beneficiaries. Any child born from that union would be included, even if more children arrive later, without changing the designation. The other options point to a single person or rely on unclear wording. Saying “my spouse” identifies one person, not a class. Naming a specific individual is, by definition, not a class. The phrase about descendants existing at the time of death introduces ambiguity and a contingent group, which isn’t as clean a class designation.

Naming a beneficiary by class means designating a group defined by a relationship or common characteristic, not a specific person. The statement about the children born of my union with Ned Jackson fits this: it identifies all children from that marriage as the class of beneficiaries. Any child born from that union would be included, even if more children arrive later, without changing the designation.

The other options point to a single person or rely on unclear wording. Saying “my spouse” identifies one person, not a class. Naming a specific individual is, by definition, not a class. The phrase about descendants existing at the time of death introduces ambiguity and a contingent group, which isn’t as clean a class designation.

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