contingent beneficiary

Definition

An individual who is entitled to receive the benefits of an insurance policy if the primary beneficiary dies.

Use this term in a sentence

I was the contingent beneficiary, which meant I was the one entitled and no one else could say any differently.

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The contingent beneficiary was surprised when they were informed there was no tertiary beneficiary should anything happen to them self.

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After my brother and his wife were both killed in a car crash, I learned that I was listed as the contingent beneficiary on his insurance policy and would receive the money.

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