contingent beneficiary

noun

, Insurance.

1. a person who becomes the beneficiary if the primary beneficiary dies or is otherwise disqualified.

Example Sentences

The beneficiaries of the trust include a number of prominent organizations: the Smithsonian Institution, the Library of Congress, the New York Public Library for the Performing Arts, the Irish Repertory Theater and the Dramatists Guild Fund; the Museum of the City of New York is listed as a “contingent beneficiary,” but the filing does not specify what the contingency is.

From New York Times

“He’s not going to be a beneficiary of this trust; he’s not a contingent beneficiary of this trust.”

From Washington Times

But if both parents die and a minor child is named as a contingent beneficiary, or if a single parent names a child as a beneficiary, matters can get complicated.

From New York Times

But if both parents die and a minor child is named as a contingent beneficiary, or if a single parent names a child as a beneficiary, matters can get complicated.

From New York Times

But if both parents die and a minor child is named as a contingent beneficiary, or if a single parent names a child as a beneficiary, matters can get complicated.

From New York Times