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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…

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