May 22, 2006
Class Designation
Designating an individual or a group as beneficiary without individually and specifically naming them.
Filed under Money Glossary by Tracy Phaup
May 17, 2006
Spendthrift Provision
The provision that does not allow the beneficiary to modify how the death benefits are received.
Filed under Money Glossary by Tracy Phaup
May 5, 2006
Contingent Beneficiary
The beneficiary that will receive the death benefits in the event that the primary beneficiary predeceases the insured.
Filed under Money Glossary by Tracy Phaup
