What Does Life Insurance Beneficiary Mean?
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63333 POINTSview profilePeggy MaceMost of the U.S.A life insurance beneficiary is the person who will receive the benefits from your life insurance policy when you die. You select one or more Primary Beneficiaries when you purchase your policy, and that person or persons will be first in line to receive your insurance proceeds. If they have passed the policy will pay the death benefit to the Contingent Beneficiary or Beneficiaries.Answered on October 16, 2013flag this answer
11783 POINTSContact Meview profileLarry GilmorePROAgent Owner, Gilmore Insurance Services, Marysville, Washington StateWhat does life insurance beneficiary mean? Well, a life insurance beneficiary is usually the other party in an insurance contract. They are part of the policy, but do not have qualify or be in great health to be a part of the policy, that is the insured's part of the policy. The owner of the policy, which can be the insured, the beneficiary and even another interested party designates who the beneficiary is.Answered on October 9, 2015+01+1 this answer
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