Apply for JIO IPO - India’s Mega IPO Is Here!

Apply for JIO IPO -

Angel One - Share Market Trading and Stock Broking
Skip to main content
Retirement Planning

Contingent Beneficiary Definition

A contingent beneficiary is someone who is next in line to receive assets such as a life insurance policy, retirement plan, or annuity. While spouses are typically designated as primary beneficiaries, in the event of their simultaneous death, children or trusts acting on behalf of minor children may become contingent beneficiaries. Unlike assets passing through a will, contingent beneficiaries receive their share directly and without going through probate court. However, it is important for account holders to regularly review and update their beneficiary arrangements to ensure their wishes are accurately reflected.

Related terms

Qualified Retirement Plan

Understand the meaning and definition of Qualified Retirement Plan in the context of stock market, trading, and investments.

MORE
Matching Contributions

Understand the meaning and definition of Matching Contributions in the context of stock market, trading, and investments.

MORE
Employer Matching Program

Understand the meaning and definition of Employer Matching Program in the context of stock market, trading, and investments.

MORE
Defined Benefit Plan

Understand the meaning and definition of Defined Benefit Plan in the context of stock market, trading, and investments.

MORE
Excess Contribution

Understand the meaning and definition of Excess Contribution in the context of stock market, trading, and investments.

MORE

Open Free Demat Account!

Join our 3.8 Cr+ happy customers

+91
Explore other categories
Enjoy Zero Brokerage on Equity Delivery
10 Cr+DOWNLOADS

Enjoy Zero Brokerage On Stock Investments

Get the link to download the App

Scan this QR code to download the app
Get it on Google PlayDownload on the App Store