malloryugms3871 malloryugms3871
  • 23-12-2021
  • Social Studies
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What is the difference between primary and contingent beneficiary?

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26jalivia
26jalivia 26jalivia
  • 23-12-2021

Answer:

the difference between primary and contingent is

Explanation:

A primary beneficiary receives your assets after your death. Your primary beneficiary must survive you or be an existing trust at your death. A contingent beneficiary will inherit your assets only if you have no surviving primary beneficiaries at the time of your death.

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