Question

if no beneficiary is alive at the time of the insureds death, proceeds are typically paid to : * 1 point
the insurer
the policyowner
the insureds estate
the state

which provision lists situations where coverage does not apply? * 1 point
insuring clause
exclusions clause
entire contract
consideration

when can a policyowner change a revocable beneficiary? * 1 point
only with beneficiary consent?
only after the grace period
at any time
never

Explanation:

1. When no named beneficiary is alive upon the insured's death, the death benefits become part of the insured's estate to be distributed according to probate laws.
2. The exclusions clause in an insurance policy explicitly outlines scenarios where the insurer will not provide coverage.
3. A revocable beneficiary designation allows the policyowner to make changes to the beneficiary without needing approval, at their discretion at any time.

Answer:

1. The insureds estate
2. Exclusions clause
3. At any time