MLchartDataset catalogue

Secondary beneficiary

Term · Insurance and risk management · MLC-T-INS-003031

An individual or entity designated to receive the proceeds of a life insurance policy or annuity if the primary beneficiary is deceased or cannot be located at the time of the insured's death. This designation provides a contingent recipient for the policy benefits. The secondary beneficiary's claim is only activated if the primary beneficiary cannot fulfill their role.

Table 1. Record
IdentifierMLC-T-INS-003031
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-003031",
  "term": "Secondary beneficiary",
  "field": "Insurance and risk management",
  "definition": "An individual or entity designated to receive the proceeds of a life insurance policy or annuity if the primary beneficiary is deceased or cannot be located at the time of the insured's death. This designation provides a contingent recipient for the policy benefits. The secondary beneficiary's claim is only activated if the primary beneficiary cannot fulfill their role.",
  "url": "https://mlchart.com/terminology/insurance/secondary-beneficiary/"
}

Record 3,114 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.