Marco purchases a life insurance policy with his wife, Jenna, as the life insured, and his son Antonio as irrevocable beneficiary. The policy has a $250,000 death benefit. Marco has not named a successor policyholder or policy co-owner. Which of the following CORRECTLY describes the outcome in the event of Marco’s death?

a)The policy will be considered null and void.

b)Antonio would receive the $250,000 death benefit.

c)Marco’s estate would become the policy owner.

d)Antonio’s beneficiary status would no longer be irrevocable.

Answer rating: 100% (QA)

Answer b Antonio would receive 250000 death benefit Explanation I... View the full answer