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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Should life insurance buying be seen as an urgent matter? There is something about some people that at times may cause them to procrastinate about matters that could end up being quite costly...
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It can be a very satisfying feeling when you become aware of the advantages of whole life insurance for the first time.
The best term life insurance rate can be quite easily found on the internet today because web insurance companies have done intense research on behalf of the consumer.
I recently did some research on the development of the 30 year term insurance policy over the years. What I learned was quite interesting.