Multiple choice general knowledge

Mention the types of Beneficiary? a. Primary b. Secondary c. Contingent d. No surviving beneficiary

  1. a,b & c are correct

  2. b & c are correct

  3. a,b,c & d are correct

  4. a,c & d are correct
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The standard types of beneficiaries in insurance/financial contexts are Primary (first in line to receive), Secondary/Contingent (receives if primary predeceases), and the category of 'No surviving beneficiary' (when no designated beneficiary outlives the insured). Option D correctly identifies these three categories (a, c, d). Option A incorrectly includes Secondary as a separate category from Contingent, when they typically refer to the same concept.

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