Final Answer:If Mike dies first, the $100,000 joint life policy pays out to Shawn and Dave as the surviving brothers due to the "first to die" nature of the policy.Explanation:In this scenario, the "first to die" joint lifeinsurance policymeans that the policy will pay out when the first of the three brothers, Shawn, Mike, or Dave, passes away. In this case, Mike is the first to die. Therefore, the policy proceeds, which in this case is the $100,000, would be paid out to the remaining brothers, Shawn and Dave.This type of policy is designed to provide financial support to the surviving family members orbeneficiariesupon the first death among the insured individuals. In this situation, the policy would not continue after Mike's death since it was a "first to die" policy. Instead, the policy will fulfill its purpose by paying out the agreed-upon amount to the surviving brothers.It's important to note that theexact termsand conditions of the policy may vary, so the amount and distribution may be subject to specific policy provisions and beneficiary designations made by the brothers when they initially took out the policy.Learn more aboutInsurance Policybrainly.com/question/31422277#SPJ11...

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