Which Of The Following Best Describes A Contingent Beneficiary
A. Person designated by the insured to receive policy proceeds in the event that the primary beneficiary dies before the insured.
B. Person designated by the primary beneficiary’s executor to receive policy proceeds.
C. Person designated by the state to receive policy proceeds in the event that the primary beneficiary dies.
D. Person designated by the insurance comapany to receive policy proceeds in the event that the primary beneficiary dies.
Correct Answer: A. Person designated by the insured to receive policy proceeds in the event that the primary beneficiary dies before the insured.