Question: Marilyn Simms died with a $ 2 0 0 , 0 0 0 life insurance policy. Her husband, Jack, is the primary beneficiary, and their
Marilyn Simms died with a $ life insurance policy. Her husband, Jack, is the primary beneficiary, and their children, Mimi age and Ann age are the contingent beneficiaries. All three survive Marilyn. How will the policy proceeds be distributed?
a $ to Jack and $ each to Mimi and Ann
b $ to Jack and $ each to Mimi and Ann
c $ to Jack
d $ each to Jack, Mimi, and Ann
e $ each to Mimi and Ann
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