secondary beneficiary

Definition of "secondary beneficiary"
  1. The individual who stands to receive benefits or assets in a situation where the primary beneficiary is unable, unwilling, or ineligible to accept them
How to use "secondary beneficiary" in a sentence
  1. In his will, he stated that his spouse is the primary beneficiary and his children are the secondary beneficiaries.
  2. The secondary beneficiary will only receive the insurance payout if the primary beneficiary is not alive.
  3. Just to be safe, she named her brother as the secondary beneficiary of her 401k retirement plan.

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