It also handles the distribution of life insurance death benefits if the beneficiary is dead or the policyholder has not named a beneficiary. (insuranceopedia.com)
If you don't need a huge amount of life insurance death benefit then a no medical exam policy is right for you. (insurechance.com)
The person, people or organization that will receive life insurance death benefits if the primary beneficiary dies before the insured. (accuquote.com)