The first person delegated to receive benefits or a pay-out from an insurance policy after it becomes due.
Related information about primary beneficiary:
- Primary Beneficiary Definition | Investopedia
A beneficiary in a will, trust or insurance policy that is first in line to receive named benefits. Primary beneficiaries are contrasted with contingent beneficiaries, ...
- Primary Beneficiary - What is a Primary Beneficiary
A primary beneficiary is a person or entity designated as the first in line to inherit an asset.
- What is the difference between primary and secondary beneficiaries?
Dec 6, 2010 ... Your primary beneficiary is the individual(s), trust, charity, or other party you designate to receive your assets after your death. Your secondary ...
- Beneficiary - Wikipedia, the free encyclopedia
Most beneficiaries, may be designed to designate where the assets will go once the owner(s) ceases to exist. However, if the primary beneficiary or beneficiaries ...
- Naming Your Beneficiary
If you only complete the contingent section and leave the primary blank, you will have no primary beneficiary, even if a past form names one. The Board of ...
- FAQs About Beneficiary Designations
Mar 23, 2011 ... A primary beneficiary receives the proceeds of your account in the event of your death. Most married account holders name their spouse as ...
- Contingent Beneficiaries | Beneficiary Designations
You Need Contingent Beneficiaries In Case Your Primary Beneficiary Dies Before You ... They are the primary beneficiary, the contingent beneficiary and what is ...
- What is primary beneficiary? definition and meaning
Definition of primary beneficiary: First-named person or other legal entity designated to receive a benefit.