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What is another word for contingent beneficiary?

Pronunciation: [kəntˈɪnd͡ʒənt bˌɛnɪfˈɪʃəɹi] (IPA)

A contingent beneficiary refers to an individual who will receive the benefits of a particular asset or insurance policy if the primary beneficiary is unable to fulfill their role. However, there are several synonyms that can be used interchangeably to describe this concept. One commonly used synonym is "alternate beneficiary", which pertains to an individual designated as an alternative option if the primary beneficiary cannot inherit the intended assets. Another synonym is "secondary beneficiary", indicating a person who would receive the benefits if the primary beneficiary predeceases the policyholder. Lastly, the term "backup beneficiary" can also be used, signifying someone who steps in if the primary beneficiary cannot fulfill their designated role. These various synonyms essentially convey the same idea of providing an alternative recipient in case of an unforeseen circumstance.
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What are the opposite words for contingent beneficiary?

Antonyms for the term "contingent beneficiary" may include "primary beneficiary" or "named beneficiary." While a contingent beneficiary is an individual who may receive a portion of an asset if the primary beneficiary is unavailable, a primary or named beneficiary is the person who will receive the asset directly when the asset holder passes away. In contrast to a contingent beneficiary, a primary beneficiary is designated as the initial recipient of an asset or account, and there are no alternative choices for the asset's distribution. Overall, understanding these terms is important for organizing one's estate planning and ensuring that beneficiaries are chosen carefully and intentionally.

What are the antonyms for Contingent beneficiary?

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