What is the meaning of contingent beneficiary?

Benjamin Brooks | 2023-06-08 23:58:24 | page views:1464
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Matthew Gonzalez

Works at Netflix, Lives in Los Gatos, CA
A contingent beneficiary is specified by an insurance contract holder or retirement account owner as receiving proceeds if the primary beneficiary is deceased, unable to be located or refuses the inheritance at the time the proceeds are to be paid.
2023-06-12 23:58:24

Oliver Allen

QuesHub.com delivers expert answers and knowledge to you.
A contingent beneficiary is specified by an insurance contract holder or retirement account owner as receiving proceeds if the primary beneficiary is deceased, unable to be located or refuses the inheritance at the time the proceeds are to be paid.
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