A life insurance contract has a section where you can list a person, estate, trust, or institution as an entity that will receive the death benefits after the insured dies. This is known as a beneficiary and here we will discuss the life insurance beneficiary rules as well as other good-to-know information. Life insurance rules […]
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A Life Insurance Policys Contingent Benificiary Is The Beneficiary Assigned After The First
Assigning more than one beneficiary is helpful in making sure that the proceeds from it are claimed. Having multiple beneficiaries helps if an accident occurs where multiple people die in rapid succession. A life insurance policy contingent beneficiary is the beneficiary listed to receive the policy’s proceeds after a primary beneficiary. You can list multiple […]