Meaning primary beneficiary
What does primary beneficiary mean? Here you find 18 meanings of the word primary beneficiary. You can also add a definition of primary beneficiary yourself

1

0 Thumbs up   0 Thumbs down

primary beneficiary


The beneficiary named as being first to receive proceeds or benefits when they come due or are payable. If the primary beneficiary is not living at the time the proceeds are payable, the benefits ar [..]
Source: irmi.com

2

0 Thumbs up   0 Thumbs down

primary beneficiary


The party who is usually first entitled to receive the policy proceeds upon the insured's death.
Source: farmers.com

3

0 Thumbs up   0 Thumbs down

primary beneficiary


Definition The first person delegated to receive benefits or a pay-out from an insurance policy after it becomes due.
Source: investorwords.com

4

0 Thumbs up   0 Thumbs down

primary beneficiary


The individual or parties of a group that are first to receive the benefits once the benefits of an insurance policy become due.
Source: erieri.com

5

0 Thumbs up   0 Thumbs down

primary beneficiary


see beneficiary
Source: dictionary.findlaw.com

6

0 Thumbs up   0 Thumbs down

primary beneficiary


A person entitled to receive the proceeds of a life insurance policy on a priority basis.
Source: conning.com (offline)

7

0 Thumbs up   0 Thumbs down

primary beneficiary


Primary Beneficiary refers to a will maker's first choice to receive a bequest or a person designated in a life-insurance policy to receive the proceeds when the insured dies.
Source: definitions.uslegal.com

8

0 Thumbs up   0 Thumbs down

primary beneficiary


The named beneficiary who receives the proceeds of an insurance policy or annuity contract upon the death of the insured or annuitant.
Source: fountaincpa.com

9

0 Thumbs up   0 Thumbs down

primary beneficiary


In life insurance, the beneficiary designated by the insured as the first to receive policy benefits.
Source: falconins.com (offline)

10

0 Thumbs up   0 Thumbs down

primary beneficiary


In life insurance, the beneficiary designated by the insured as the first to receive policy benefits.
Source: insuranceagentservice.com (offline)

11

0 Thumbs up   0 Thumbs down

primary beneficiary


The person(s) designated by the policy owner to which the proceeds of a life insurance policy will be paid upon the death of the insured.
Source: quickquote.com (offline)

12

0 Thumbs up   0 Thumbs down

primary beneficiary


The person you’ve chosen to have the first right to receive insurance payments or proceeds upon your death.
Source: transamericadirect.com (offline)

13

0 Thumbs up   0 Thumbs down

primary beneficiary


Primary beneficiary is the person or organization (or persons or organizations, if you want to divide it up) that the insurance carrier will pay first. Contingent beneficiary is the person(s) or organ [..]
Source: policygenius.com

14

0 Thumbs up   0 Thumbs down

primary beneficiary


The person(s) designated by the policy owner to which the proceeds of a life insurance policy will be paid upon the death of the insured.
Source: squaremouth.com

15

0 Thumbs up   0 Thumbs down

primary beneficiary


The person, people or organization that will receive death benefits when the insured dies. If the primary beneficiary dies before the insured, a contingent or secondary beneficiary will receive the pr [..]
Source: accuquote.com

16

0 Thumbs up   0 Thumbs down

primary beneficiary


A beneficiary who is the first person entitled to benefits on the occurrence of the event for which a beneficiary was designated. As distinguished from a "contingent beneficiary."
Source: oregonlaws.org

17

0 Thumbs up   0 Thumbs down

primary beneficiary


  In life insurance, the beneficiary designated by the insured as the first to receive policy benefits.
Source: assetinsurance.us (offline)

18

0 Thumbs up   0 Thumbs down

primary beneficiary


A person or entity named to receive investment assets in the event of the original owner's death.
Source: wellsfargo.com (offline)





<< primary liability presumptive indemnification provision >>

Dictionary.university is a dictionary written by people like you and me.
Please help and add a word. All sort of words are welcome!

Add meaning