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What is a Contingent Beneficiary?

What is a Contingent Beneficiary?
Legal Definitions - Question 10
Life insurance policyholders can choose to name more than one person to receive a benefit. Primary beneficiaries are first in line to receive benefits. Secondary beneficiaries only receive a benefit if no primary beneficiaries are alive when the benefit is paid.
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This searchable database contains information about disability, critical illness and life insurance claims, and what you can do if you are denied or cut off of your benefits. It is a collection of the most common questions we receive from our clients. General answers have been provided by our lawyers.