It means that if you want to change the beneficiary, the beneficiary themselves must sign off on it.
It is the beneficiary of an annuity.
In regards to life insurance, contingent usually means secondary. For example a contingent beneficiary is a secondary beneficiary, not the primary beneficiary. The contingent beneficiary would receive the proceeds from a life insurance policy if the primary beneficiary were not alive when the insured person dies.
Generally, the proceeds will be paid to the named beneficiary. However, the survivor should discuss the situation with an attorney.
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It means that the land of chicken is on fire
to select thing mean put it order or to save it
I don't understand what you mean by ''he is a rider'', do you mean he is the named beneficiary? If so and he dies prior to you, you need to name another beneficiary, or perhaps you already have a 'second' or contingent beneficiary, in that case the money would be paid to this contengient if the primary beneficary is deceased.
The possessive form for the noun beneficiary is beneficiary's.
Depending on the jurisdiction, if we're talking wills, it most likely means the share of an estate going to each beneficiary in a class of beneficiaries.
Some health insurance plans offer a AD&D Life Insurance Policy. That is why you would name a beneficiary for a health insurance company.
where is infomation on beneficiary