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Home Term Insurance Definitions contingent beneficiary

contingent beneficiary

The contingent beneficiary is the secondary beneficiary who receives policy benefits if the primary beneficiary predeceases the named insured under a life insurance policy.

Related Terms

contingent annuitant

The contingent annuitant is the secondary beneficiary to an annuity policy.

secondary beneficiary

The secondary beneficiary is the person named to receive benefits if the primary beneficiary is not...