n. a person or entity named to receive a gift under the terms of ...

Another party or parties who will receive the life insurance proceeds if the primary beneficiary should predecease the person whose life is insured.

Secondary beneficiary who receives policy benefits if the primary beneficiary predeceases the named insured under a life insurance policy.

A person entitled to receive policy benefits if the primary beneficiary is deceased at the time benefits become payable.

A contingent beneficiary receives the proceeds of an insurance policy, term-certain annuity, individual retirement account (IRA), employer-sponsored retirement savings plan, will, or trust if the primary beneficiary dies before the benefit is paid or if he or she declines to accept the benefit.For example, if you name your spouse as the primary ben [..]

1) An alternate beneficiary named in a will, trust, or other document. 2) Any person entitled to property under a will if one or more prior conditions are satisfied. For example, if Fred is entitled t [..]

Definition An individual who is entitled to receive the benefits of an insurance policy if the primary beneficiary dies.

Should the person designated to receive the proceeds of life insurance policy, predecease the person whose life is insured, then the contingent beneficiary becomes the beneficiary. May also be known a [..]

see beneficiary

A person entitled to receive the proceeds of a life insurance policy if the primary beneficiary dies before the insured.

A contingent beneficiary is a person who's designated to receive insurance policy proceeds if certain conditions are met. Usually the contingent beneficiary only receives the proceeds if the prim [..]

A contingent beneficiary is a secondary beneficiary who may receive a gift if its primary beneficiary fails to meet all the requirements placed on its receipt, for example, survive the donor by thirty [..]

A secondary beneficiary who receives insurance benefits if the primary beneficiary revokes his or her status, is ineligible, or is deceased.

Person or persons designated to receive the value of an insurance policy in case the original beneficiary is not alive.

An alternate beneficiary listed on an insurance policy who will receive the benefit if the primary beneficiary is deceased. This is sometimes referred to as a "Secondary Beneficiary."

The person or persons designated to receive the benefits of a policy or plan if the primary beneficiary dies while the insured is living.

The party designated to receive proceeds of a life insurance policy following the insured’s death if the primary beneficiary predeceased the insured.

Person or persons designated to receive the value of an insurance policy in case the original beneficiary is not alive.

A person(s) designated by the policy owner to receive policy proceeds if the Primary Beneficiary is deceased at the time benefits become payable. This is often referred to as a secondary beneficiary.

The person who will receive your life insurance benefits if your primary beneficiary dies before you.

The person or party designated by the policyholder to receive the proceeds of a Life Insurance policy if the primary beneficiary dies before the policyholder.

A person(s) designated by the policy owner to receive policy proceeds if the Primary Beneficiary is deceased at the time benefits become payable. This is often referred to as a secondary beneficiary.

A beneficiary whose right to receive depends upon the occurrence of a certain contingency – for example, the right to receive certain benefits only in the event that another named beneficiary dies pri [..]

The person, people, or organization that will receive the life insurance death benefit if the primary beneficiary dies before the insured.

The person or persons designated to receive the benefits of a policy or plan if the primary beneficiary dies while the Insured is living.

A beneficiary whose right to receive depends upon the occurrence of a certain contingency – for example, the right to receive certain benefits only in the event that another named beneficiary dies prior to the time of payment.

The beneficiary whose interest is conditioned upon a future occurrence which may or may not take place. Unless the condition takes place, the interest is only contingent. To be distinguished from a ve [..]

This is the entity that a life insurance benefit would pay to if the primary beneficiary deceased before the insured.

The person selected to receive the death proceeds of a life insurance policy if the primary beneficiary predeceases the insured.

A person of organization designated to receive the funds or other property from a trust, insurance policy or retirement account if the primary beneficiary dies or no longer exists.

A contingent beneficiary stands second-in-line, behind the primary beneficiary, to inherit the assets of a retirement plan.

A contingent beneficiary is someone who benefits from a contingent contract; they profit from a promise, which may or may be fulfilled, to do or abstain from doing a certain thing. This matter itself [..]