Per stirpes

{
  "id": "MLC-T-INS-002543",
  "term": "Per stirpes",
  "field": "Insurance and risk management",
  "definition": "A method of distributing an inheritance or insurance proceeds where the descendants of a deceased beneficiary receive their ancestor's share. This means that if a named beneficiary dies before the policyholder, their children or grandchildren inherit their portion. The distribution is made 'by roots' or 'by branch,' rather than equally among all surviving heirs.",
  "url": "https://mlchart.com/terminology/insurance/per-stirpes/"
}