Explain the following beneficiary designations. a. Primary and contingent beneficiary b. Revocable and irrevocable beneficiary c. Specific

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Explain the following beneficiary designations.
a. Primary and contingent beneficiary
b. Revocable and irrevocable beneficiary
c. Specific and class beneficiary

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Principles of Risk Management and Insurance

ISBN: 978-0132992916

12th edition

Authors: George E. Rejda, Michael McNamara

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Question Posted: Jan 30, 2015 07:41 AM

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Explain the following beneficiary designations. a. Primary and contingent beneficiary b. Revocable and irrevocable beneficiary c. Specific

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a A primary beneficiary is the party who is first entitled to receive the p...View the full answer

Principles of Risk Management and Insurance

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