Life Insurance

what does the word contingent mean,pertaining to life insurance

Answer #1

An event which may or may not happen; that which is unforeseen, undetermined, or dependent on something future;

Answer #2

A contingent benficiary is more like a ‘possible’ beneficiary - that is, if your primary beneficiary is no longer living, the benefits go to the contingents (often children of the deceased)

Answer #3

contingent means in life insurance is children or nominee of that life insurance.If the insurance primary beneficial or owner is dies all profit will get by this contingent. For more details visit : http://funadvice.com/r/15lr7s8tn6d

Answer #4

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