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What is the contingent beneficiary?

In Annuities - Asked by Admin - 14 months ago

A contingent beneficiary is a person named to receive the policy benefits in a primary beneficiary which is deceased at the time when benefits become payable.

Answered by Admin - 14 months ago


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Annuities are a good way in life to have positive income for a lifetime or a fixed amount of time without worry. Annuities, whether they are a fixed, variable, or life an annuity can be confusing. So if you have questions regarding any type of annuity or what is the contingent beneficiary? you can ask them here at Zuuply.com the #1 financial site for annuity questions and answers.



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