Multiple Term Life and Death Benefit Payouts

[VolAgent]

But barring a substantiated fraud claim, each of those 10 policies would pay out?

Well, considering they would have had to lie to get the policies or have had other financial justification, there was almost certainly fraud. No company is going to issue 10 million in coverage on someone making 100k a year who already has enough coverage to be at their maximum based on personal income.

Youth and assets may get them to 50 million, I doubt any company would participate beyond that without other financial justification.

But yes, assuming there was no fraud in obtaining the policies, the companies would each pay $10 million to the named beneficiary.