Primary vs. Contingent Beneficiary - LegalZoom
5 days ago · When setting up a life insurance policy, retirement account, or living trust, you should name a primary beneficiary, or the first person or entity in line to receive those assets upon …
What is a Primary Beneficiary? Definition & Key Importance
Jan 2, 2026 · What Is a Primary Beneficiary? A primary beneficiary is the first individual or organization designated to receive assets or benefits from sources like a will, trust, retirement …
Types of Beneficiaries - Ramsey
Mar 24, 2025 · Key Takeaways A beneficiary is the person or organization you name in your will or life insurance policy to get your stuff when you pass away. Primary beneficiaries are first in …
Primary vs. Contingent Beneficiary Explained | The Motley Fool
Dec 21, 2025 · Primary beneficiaries, usually spouses and partners, are the first ones to inherit your assets when you die; contingent beneficiaries are the second ones in line to receive your …
Who Is a Primary Beneficiary? - LegalClarity
Aug 10, 2025 · A primary beneficiary is the individual or entity designated as the first in line to receive assets from an account or policy upon the owner’s death. This designation is legally …
Primary vs Contingent Beneficiary: Key Differences - LegalShield
What is a primary beneficiary? As Tarpinian explains: "A primary beneficiary is the first in line to inherit." Primary beneficiaries have the legal right to receive assets immediately upon your …