MLchartDataset catalogue

Primary beneficiary

Term · Insurance and risk management · MLC-T-INS-002657

The individual or entity designated by the policyholder to receive the proceeds of an insurance policy, such as a life insurance policy, upon the insured's death. This person or entity has the first right to the policy's payout. If the primary beneficiary predeceases the insured, the proceeds typically go to a contingent beneficiary.

Table 1. Record
IdentifierMLC-T-INS-002657
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002657",
  "term": "Primary beneficiary",
  "field": "Insurance and risk management",
  "definition": "The individual or entity designated by the policyholder to receive the proceeds of an insurance policy, such as a life insurance policy, upon the insured's death. This person or entity has the first right to the policy's payout. If the primary beneficiary predeceases the insured, the proceeds typically go to a contingent beneficiary.",
  "url": "https://mlchart.com/terminology/insurance/primary-beneficiary/"
}

Record 2,654 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.