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Question 6 Which statement is true regarding a minor beneficiary? Normally, the death proceeds are required to be held in trust until the beneficiary reaches the age of 21 Normally, a guardian is required to be appointed in the Beneficiary clause of the contract The minor must pay the debts of the insured's estate before receiving any of the proceeds The minor is entitled to receive the death proceeds immediately Select the appropriate response 10 of 15 Questions Remaining Submit Response

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Charles

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Final answer: A minor beneficiary is normally required to have the death proceeds held in trust until the age of 21. Explanation: A minor beneficiary is a person who is under the age of legal adulthood and is entitled to receive the death proceeds from a life insurance policy. Normally, the death proce