Since the fund apparently passes outside the will, the will is irrelevant. Assuming your father's brother is living and the facts you posted are correct, you get none of the mutual fund.
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No, you will not receive any insurance as one of the primary beneficiaries is alive.
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I agree with my colleagues. If your uncle is alive, then he would take all. If he is not alive, then secondary beneficiaries take per stirpes (meaning dad's heirs get 1/2 & uncle's heirs get 1/2).