Phrases with «tertiary beneficiary»

A tertiary beneficiary refers to a person or entity who would receive something (money, property, etc.) from someone's will or insurance policy if the primary and secondary beneficiaries are unable to receive it for some reason. They are considered the third in line to receive the benefit. Full definition

beneficiary (parent phrase)
tertiary (parent phrase)

tertiary beneficiary

Sentences with «tertiary beneficiary»

Similarly, you can also assign tertiary beneficiaries that would be able to claim your death benefit in the case that all your primary and contingent beneficiaries passed away. (valuepenguin.com)
You can name multiple beneficiaries, contingent beneficiaries, and even tertiary beneficiaries. (termlife2go.com)
Choosing a secondary and / or tertiary beneficiary costs you nothing. (aigdirect.com)
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Phrases with «tertiary beneficiary»

Sentences with «tertiary beneficiary»

See also