Ace the Massachusetts Life Insurance Challenge 2025 – Secure Success and Insure Your Future!

The term that describes beneficiaries receiving benefits evenly among all living beneficiaries is "Per Capita." This legal concept is crucial in estate planning and insurance because it ensures that each living beneficiary receives an equal share of the benefits that are being distributed. For instance, if there are three beneficiaries, and one passes away before the insured, the remaining two will divide the benefits equally, rather than passing the deceased's share to their heirs.

"Per Stirpes," on the other hand, means that the deceased beneficiary's share passes down to their heirs, which is different from the equal distribution indicated in the question. "Joint Beneficiaries" simply refers to multiple people named as beneficiaries, but does not specify how the benefits are divided. "Class Beneficiaries" typically refers to a group defined by a common characteristic (e.g., children of the insured), and does not guarantee equal shares among living class members. Thus, "Per Capita" is the most fitting term for the scenario given.