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What Is a “Contingent Life Insurance Beneficiary?”

By Byron Udell | January 31, 2007

Contingent Life Insurance Beneficiary -What you need to know 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…

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