alternate beneficiary

Definition of "alternate beneficiary"
  1. An entity that inherits property through a will, trust, or insurance policy when the primary beneficiary can't or doesn't accept it
How to use "alternate beneficiary" in a sentence
  1. The charity was named as the alternate beneficiary in her will, in case her son predeceased her.
  2. The insurance policy listed his brother as the alternate beneficiary should something happen to his wife.
  3. In the event of her sister's death, the trust specifies their cousin as the alternate beneficiary.

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