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What Is a Contingent Life Insurance Beneficiary?

By Byron Udell | January 31, 2007

Is having a Contingent Life Insurance Beneficiary right for you? Read on for answers.

Simply stated, a contingent life insurance beneficiary is someone you name that will receive the insurance proceeds should your named beneficiary predecease you or die at the same time as you.

For instance, if John Doe predeceases me, benefits should be paid to my son, James Smith and my daughter Jane Smith in equal shares.

Is it important to have a contingent life insurance beneficiary?  Yes because you are clearly stating your wishes and there is no room for uncertainty.

For over 30 years, AccuQuote has been helping customers save a ton of money on their life insurance. We offer many different types of life insurance options, including Term Life, Permanent Life, Disability Insurance and so much more. AccuQuote has been mentioned in such media outlets as Kiplinger’s, The Wall Street Journal, Crain’s, The New York Times, Consumer Reports, Forbes and more.

There are no insurance companies “pulling our strings.” Our fierce independence means you’ll get the best values when we shop the market on your behalf. We only represent the top-rated, brand-name life insurance companies that you know and trust.

For more information on the Contingent Life Insurance Beneficiary option, call AccuQuote at 800-442-9899.

We only work with highly rated insurance companies – brand names you trust. You may be able to save money without sacrificing quality and strength.