Webliable to happen or not; uncertain; possible: They had to plan for contingent expenses. happening by chance or without known cause; fortuitous; accidental: contingent occurrences. noun a quota of troops furnished. any one of the representative groups composing an assemblage: the New York contingent at a national convention. WebA contingent beneficiary, or secondary beneficiary, serves as a backup to the primary beneficiaries named on your life insurance policy. When you pass away, if all of your …

Contingent beneficiary vs. primary beneficiary LegalZoom

WebThe main difference between primary and contingent beneficiaries is the order in which they inherit. A primary beneficiary is the first person entitled to receive the estate. The contingent beneficiary receives the estate if certain contingencies are met regarding the primary beneficiary. WebNov 30, 2024 · Contingent beneficiaries under a will. The discussion above relates to where the “contingency" under which the contingent … how to set powerpoint slideshow to repeat

What Is a Contingent Beneficiary? - ValuePenguin

WebContingent beneficiary definition, a person who becomes the beneficiary if the primary beneficiary dies or is otherwise disqualified. See more. WebA contingent beneficiary is a person alternatively named to receive the benefits in a will or trust. It also refers to a person who benefits only upon the happening of a condition precedent that is implicitly or explicitly expressed in the benefit. WebTừ điển dictionary4it.com. Qua bài viết này chúng tôi mong bạn sẽ hiểu được định nghĩa Contingent beneficiary là gì.Mỗi ngày chúng tôi đều cập nhật từ mới, hiện tại đây là bộ từ điển đang trong quá trình phát triển cho nên nên số lượng từ hạn chế và thiếu các tính năng ví dụ như lưu từ vựng, phiên âm ... noted meaning in chat