What is contingent beneficiary? I have a husband ...

What is contingent beneficiary? I have a husband and two little children. I need to designate them as beneficiaries. Should I designate my husband as primary benificiaries and two kids as contingent beneficiaries, or should I designate all of them as primary?


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  • # Posted 4 months ago
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buckeye
622 answers
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Money is better than poverty, if only for financial reasons.

A contingent beneficiary is an individual who is entitled to receive the benefits of an insurance policy if the primary beneficiary dies. Since I am not in the insurance business, I would consult with your insurance agent before making any decision.
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