Insurance Glossary

Industry jargon and unfamiliar terminology can be confusing.

No insurance resource would be complete without a helpful menu of terms and concepts. This information-rich list will help you make sense of the solutions you are considering.

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Beneficiary: Contingent

The person or entity in line to receive death benefit proceeds in case the primary beneficiary pre-deceases or simultaneously dies with the insured. There can be more than one contingent beneficiary.