BeneficiariesSeen in 12 questions
Contingent (Secondary) Beneficiary
The beneficiary who receives proceeds only if the primary beneficiary dies before (or at the same time as) the insured. If no contingent exists and the primary predeceases, proceeds pass to the estate.
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- BeneficiariesA contingent (secondary) beneficiary receives the death proceeds when:
- BeneficiariesA 'primary beneficiary' under a life insurance policy is:
- BeneficiariesA life insurance policy contains a common disaster clause. If the insured and the prima…
- BeneficiariesMany policies contain a beneficiary survival clause requiring the beneficiary to surviv…
- BeneficiariesA policyowner names three beneficiaries and specifies '40% to Maria, 35% to James, and …
- BeneficiariesUnder an interest-only settlement option, the insurer:
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