Contingent Beneficiaries. When you buy a life insurance policy you will be required to name a beneficiary.
You want to be certain the proceeds of the policy goes to the deserving person. There are three levels of beneficiaries.
They are the primary beneficiary, the contingent designation and what is referred to by some life insurance companies as further payees.
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The amount of spendable income an individual has helps determine what is affordable life insurance.
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Finding the best term life insurance policy can be a very tedious exercise. What really is the best? It is important to make a decision as to why this life insurance is needed in the first place. We t…