He had submitted an application for life insurance showing his wife and his two daughters, ages 1 and 3, as equal primary beneficiaries of a $ 1,000,000 policy. (hinermangroup.com)
If you are both named as primary beneficiaries on each other's policies, this can create problems for your family when they are at most in need of clarity and strength. (insuranceindepth.com)
A contingent beneficiary will receive payment if the policy's primary beneficiary dies before the insured. (pocketsense.com)