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What does contingent mean on a life insurance policy?

Amelia Kim | 2023-06-09 03:40:55 | page views：1919
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Gabriela Perez

Studied at the University of Toronto, Lives in Mexico City.
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.
2023-06-09 03:40:55
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Amelia Lewis

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.
Contingent Beneficiary - Investopedia
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