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

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.

The contingent beneficiary should also be someone over 18 years old. Your husband should be primary and secondary should be someone of age that would ultimately be responsible enough to handle your burial and the care for your minor children in the event of your death. If you and your husband should die at the same time. The person you designate will be automatically pushed up to primary and recieve the funds. I am a licenced agent. This is what i advise my clients daily. Just make sure the person you pick for this is in your highest regaurds for trust!! Also see an attourny to designate that person as gaurdian for your children. Don't take for granted that they will automatically go to them..contact  me if you have any more questions im always glad to help...daniisurs@aol.com