Ace the Florida Life & Health Insurance Test 2025 – Dive In and Secure Your Success!

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Question: 1 / 400

If a policyowner changes ownership of a life policy to a new spouse but doesn't update the beneficiary, who receives the proceeds upon the insured's death?

The insured's children

The insured's new spouse

The insured's ex-spouse

If a policyowner changes ownership of a life policy to a new spouse but doesn't update the beneficiary, the proceeds upon the insured's death will go to the designated beneficiary at the time of the insured's death, which in this case would be the insured's ex-spouse.

The incorrect options are A The insured's children - unless they were specifically named as beneficiaries, they would not receive the proceeds. B: The insured's new spouse - even though the policy ownership was changed, the beneficiary designation was not, so the new spouse would not receive the proceeds. D: The insured's estate - the life insurance proceeds do not automatically become part of the deceased's estate unless there is no designated beneficiary.

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The insured's estate

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