Marilyn Simms Died with a $200,000 Life Insurance Policy

Multiple Choice

Marilyn Simms died with a $200,000 life insurance policy.Her husband,Jack,was the primary beneficiary and their children,Mimi (age 24) and Ann (age 30) ,were the contingent beneficiaries.All three survived Marilyn.How would the policy proceeds be distributed?

A) $200,000 to Jack
B) $100,000 each to Mimi and Ann
C) $100,000 to Jack and $50,000 each to Mimi and Ann
D) $66,666 each to Jack, Mimi, and Ann
E) $150,000 to Jack and $25,000 each to Mimi and Ann