What is typically included in the conditions for beneficiaries?

The choice that states beneficiaries must survive the policyholder to receive benefits is accurate because many life insurance policies explicitly stipulate this condition. In general, for a beneficiary to claim the death benefit from a life insurance policy, they must outlive the policyholder. This ensures that the intended individuals benefit from the policy only after the policyholder's death, which aligns with the fundamental purpose of life insurance—to provide financial support to loved ones upon the policyholder’s passing.

The requirement that beneficiaries must survive the insured is structured to prevent potential complications, such as determining how benefits should be distributed if a beneficiary dies before the policyholder. This condition ensures clarity in the distribution of funds and helps avoid disputes among potential heirs.

In contrast, having beneficiaries be family members or having the ability to change beneficiaries without restrictions is not a universal requirement across all policies. While many people choose family members as beneficiaries, insurance policies can also allow for non-family members to be named beneficiaries. Additionally, while some policies may have certain restrictions on changing beneficiaries, others allow for such changes without limitations. Finally, the notion that beneficiaries are always entitled to bonuses is not accurate, as bonuses are not a guaranteed part of all policies and depend on specific terms and conditions.