Who Is The Beneficiary In Life Insurance?
0 POINTSContact Meview profileDavid RacichPROFountain Hills, ArizonaLife insurance is used to protect family members, business associates or charitable organizations of the policy insured from financial liabilities and future obligations. If the event that the policy insured dies death benefit proceeds are paid to the policy beneficiaries like family members, business associates, charitable organizations and even irrevocable life insurance trusts.Answered on July 6, 2013+01+1 this answer
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63333 POINTSContact Meview profilePeggy MacePROMost of the U.S.The beneficiary in a life insurance policy is the person or entity that will receive the death benefit when the insured person passes away. The primary beneficiary is the first person in line for the death benefit. The contingent beneficiary would receive the life insurance proceeds if the primary beneficiary is not alive.Answered on July 10, 2013+11+1 this answer 0flag this answerview more answers by Peggy Mace
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