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Secondary beneficiary

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A secondary beneficiary receives the bequest only if the primary beneficiary dies before the will maker. It is also a person's second choice of who should receive the proceeds from a life insurance policy.

 


A contingent or secondary beneficiary will receive the proceeds if the primary beneficiary does not survive the insured. A revocable beneficiary (primary or secondary) can be changed by the policyowner at any time.

See also: Term, Will, Time, Thing, Translation

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