Final answer:
If both the insured and primary beneficiary are killed in the same accident and there is insufficient evidence to show who died first, policy proceeds will be paid as if both individuals died simultaneously. The policy proceeds are typically distributed according to the contingent beneficiary designation or the default rules set by the state.
Step-by-step explanation:
If both the insured and primary beneficiary are killed in the same accident and there is insufficient evidence to show who died first, policy proceeds will be paid as if both individuals died simultaneously. This scenario is often referred to as the simultaneous death provision. In this case, the policy proceeds are typically distributed according to the policy's contingent beneficiary designation or the default rules set by the state if no contingent beneficiary is named.