The person named to receive benefits if the primary beneficiary is not alive upon the death of the insured or if the primary beneficiary does not collect all benefits before his or her own death.

Definition A person designated to receive the benefits of a policy if the person named as a beneficiary has died before collecting or if some payout remains when the first beneficiary dies.

see beneficiary

A secondary beneficiary is a person or entity who inherits assets under a will, trust, or insurance policy if the primary beneficiary dies before the grantor. S/he is the testator’s second choice to r [..]

An alternate beneficiary designated to receive payment, usually in the event the original beneficiary predeceases the insured.

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 "Contingent Beneficiary."

An alternate beneficiary designated to receive payment, usually in the event the original beneficiary predeceases the insured.

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 contingent beneficiary.

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 contingent beneficiary.

The person, people or organization that will receive life insurance death benefits if the primary beneficiary dies before the insured. Also called a contingent beneficiary.

  An alternate beneficiary designated to receive payment, usually in the event the original beneficiary predeceases the insured.