Secondary Beneficiary

2 Posts
1 Sections
1 Types

October 10, 2023 4 min read Definitions

Contingent Beneficiary (Life Insurance): Understanding the Secondary Payout Receiver

Insurance Financial Planning Estate Planning Life Insurance Contingent Beneficiary Secondary Beneficiary Insurance Terms Financial Planning Estate Planning

Learn about Contingent Beneficiary in life insurance - a secondary beneficiary who receives benefits if the primary beneficiary is deceased at payout.

October 5, 2023 5 min read Definitions

Secondary Beneficiary in Life Insurance: Understanding Designations

Finance Insurance Estate Planning Life Insurance Secondary Beneficiary Beneficiary Designation Estate Planning Financial Planning

Learn about the role and importance of a secondary beneficiary in life insurance policies. Discover why it's essential for ensuring benefits if the primary beneficiary cannot collect.