In a per capita distribution, how are benefits handled if one beneficiary dies?

In a per capita distribution, if one beneficiary dies, the remaining beneficiaries will receive the total benefits shared equally among themselves. This type of distribution means that each beneficiary has an equal share of the benefit, and if one of them passes away, their portion does not get redistributed to their heirs or dependents. Instead, the total amount is recalculated and divided among the living beneficiaries. This ensures that the remaining beneficiaries receive a slightly larger share since the deceased beneficiary's portion is effectively redistributed among the survivors.

This structure is distinct from other methods of distribution, such as per stirpes, where the deceased beneficiary's share would go to their heirs, or from scenarios where the insurance company retains the funds, which is not the case in per capita distributions.