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contingent

What Is a Contingent Life Insurance Beneficiary?

Are you worried about your American General policy?

By Byron Udell | January 31, 2007

Contingent Beneficiary Simply stated, a contingent beneficiary is someone you name that will receive the policy’s death benefit should your primary beneficiary die first. For instance, if Jane Doe (my Wife) should die first, the benefits should be paid to my son, James Smith and my daughter Jane Smith in equal shares. Is having a…

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