The party designated to receive policy proceeds if the primary beneficiary should predecease the person whose life is insured. Also known as secondary beneficiary or successor beneficiary.

See secondary beneficiary.

A person, trust or estate to receive all benefits if no primary beneficiary is living when a member dies.

an alternate beneficiary who receives your benefit if your primary beneficiary dies before you

a person or persons designated to receive the insurance proceeds if the principal beneficiaries die before the insured dies

a person or persons designated to receive the proceeds of a retirement account or other financial asset in the event of the primary owner's death, as well as the death of the primary beneficiary

Individual/s named in the policy to receive proceeds in case the original beneficiary is not alive. Also referred to as secondary or tertiary beneficiary.

The person legally entitled to an insurance policy if the primary beneficiary dies before or at the same time as the insured.

The contingent beneficiary receives the proceeds if the primary beneficiary dies prior to the insured's death.

An alternate beneficiary named in a will, trust or other document.

See beneficiary, contingent.

A contingent beneficiary will receive policy proceeds if all named primary beneficiaries are deceased at the time of the death of the insured.

Beneficiary of a life insurance policy who is entitled to receive the policy proceeds on the insured's death if the primary beneficiary dies before the insured; or the beneficiary who receives the remaining payments if the primary beneficiary dies before receiving the guaranteed number of payments.

The person who may or will benefit if the primary beneficiary dies or otherwise loses rights as a beneficiary.

Category of beneficiary(ies) named by the plan participant who are to receive plan death benefits should no primary beneficiary(ies) outlive the participant. (See also "beneficiary.")

The secondary beneficiary or the person or persons who receive benefits when an employee dies and the primary beneficiary has predeceased the individual.

The individual(s) and or entity(ies) (e.g., trust, charity, estate) who will receive the proceeds of a retirement account upon the account owner's death if all Primary Beneficiaries are then deceased.

A person who may or will receive a benefit, but only upon happening of an event which is not certain to occur, such as the primary beneficiary becoming disqualified for the benefit, e.g., by death.

The person or persons who are named as the contingent beneficiary/ies will receive the proceeds of the contract or policy only if the primary beneficary/ies have died previous to the onset of the payout to the primary beneficiary/ies.

Usually meant to refer to a beneficiary who has the right to receive assets only upon the occurrence of a certain event (usually the death of the primary beneficiary). For example, children may be the beneficiaries in a trust contingent upon the death of the second parent to die.

A beneficiary who benefits only if something (a death or another event) defined in the will, trust, or other document, first occurs.

Another party or parties who will receive the proceeds if the primary beneficiary should predecease the person whose life is insured.

A beneficiary chosen by you to receive payment in the event of your death and your primary beneficiaries are unable to receive payment.

A secondary beneficiary designated by the insured to receive the benefits of the policy if the named primary beneficiary is deceased when the proceeds become payable.

The person or persons designated to receive the benefits of a policy or plan if the primary beneficiary dies while the insured is living.

Receiver of property or benefits if first-named beneficiary dies before receiving all benefits.

An alternate beneficiary designated to receive payment usually in the event that the original beneficiary has dies before the insured.

The person(s) or entity(ies) designated by the owner to receive the death benefit proceeds if the primary beneficiary(ies) is (are) deceased. (See also: primary beneficiary) Return to Previous

the person named to receive death benefits only if no primary beneficiaries are living when the insured person dies.

Person or entity named to receive benefits if the primary beneficiary is no longer living.

Person or persons named to receive proceeds in case the original beneficiary is not alive. Also referred to as secondary or tertiary beneficiary.

An alternative beneficiary whose bequest depends on an event other than the death of the testator.

a person who would be a beneficiary if certain conditions were met.

A beneficiary whose interest is conditioned upon a future event.

A person or persons named to receive the policy benefits if the primary beneficiary has died at the time the insured dies.

A secondary beneficiary designated by the insured to received the policy benefits in the event that the primary beneficiary predeceases the insured.

A person(s) who is entitled to receive the benefits of an insurance policy if the primary beneficiary is ineligible to receive the benefits or dies before the insured.

A person named beneficiary in the event the primary beneficiary dies before the policyholder.

The party designated to receive the benefits or proceeds of a life insurance policy or retirement plan should the primary beneficiary die.

The party named to receive the proceeds of a life insurance policy if the primary beneficiary should die before the insured dies. Also known as secondary beneficiary or successor beneficiary.

Person or persons designated to receive the value of an insurance policy in case the original beneficiary is not alive.

A person(s) named to receive policy benefits if the primary beneficiary is deceased at the time the benefits become payable.

The person designated to receive the death proceeds of a life insurance policy if the primary beneficiary predeceases the insured.

A secondary beneficiary who will receive any policy proceeds or portions of a trust or estate remaining unpaid upon the death of the direct beneficiary.

In a life insurance policy, the person designated to receive the policy benefits if the primary beneficiary dies before the insured.

A contingent beneficiary is an alternate beneficiary – one whose rights under a contract are dependent upon the death of the primary beneficiary.

A person of organization designated to receive the funds or other property from a trust, insurance policy or retirement account if the primary beneficiary dies or no longer exists.

If all Primary Beneficiaries are deceased, the second-named person, estate, or trust will receive the proceeds of a retirement account upon the account owner's death.

The person who will receive the benefits of a policy or plan if the main beneficiary dies while the insured is living

The person entitled to life insurance benefits if the primary beneficiary predeceases the insured.

A secondary or alternate beneficiary. Also, see Beneficiary.

An individual or entity that is entitled to receive the proceeds of a life insurance policy if the primary beneficiary is not living at the time of the insured's death. The contingent beneficiary can be an individual, several individuals, a corporation, trust, or charitable organization.

If the Primary Beneficiary is not alive, this is the person or entity receiving the life insurance proceeds.

The second person or party named in a contract to receive life insurance policy proceeds if the primary beneficiary preceeds the insured in death.

The person(s) designated to receive policy proceeds if the primary beneficiary(ies) should die before the Insured. Also known as a secondary beneficiary.

The person or persons named to receive benefits in the event of the original beneficiary no longer being alive

A person(s) designated by the policyowner to receive policy proceeds if the Primary Beneficiary is deceased at the time benefits become payable. Also referred to as Secondary Beneficiary.

The person who replaces the listed beneficiary should that individual be deceased at the time of the owners or owners or annuitantâ€(tm)s death for subsequent pay out or transfer of ownership.

Also called secondary beneficiary. The beneficiary who receives the proceeds of a life insurance policy if the primary beneficiary predeceases the insured. For instance, a child might be the contingent beneficiary of a policy where the child’s mother or father is the primary beneficiary.

A person designated to receive policy benefits if the primary beneficiary is deceased at time benefits are payable.

The individual(s) or entity to whom the death benefit of a life insurance policy is paid in case the primary beneficiary is not alive. See Primary Beneficiary.

The party designated to receive life insurance policy proceeds if the primary beneficiary should die before the person whose life is insured dies. Also called the secondary beneficiary or the successor beneficiary.