What Is a Contingent Beneficiary? – Policygenius
https://www.policygenius.com/life-insurance/what-is-a-contingent-beneficiary/
WEBDec 7, 2023 · The contingent beneficiary is the alternative person designated to receive the payout if none of the primary beneficiaries can receive it — either because they died, are unavailable, or refuse to accept the payout. If the primary beneficiary is available to receive the payout, the contingent beneficiary won’t receive any money.
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