I'm about to enact a Term Life policy with my wife as sole beneficiary, no contingency. If we both die in the same incident (plane wreck, car crash, etc) what happens to the money? Does it automatically go to my estate (where I want it) so the will designates its usage? Or is there some way to specifically designate this under the contigency beneficiary section to ensure it happens? I have some very specific requirements for the money in this instance that cannot be addressed properly on the insurance forms (thus the will).
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