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Life Settlement
Educational Information
Welcome Funds has compiled every term, phrase & definition related to life settlements. Have more questions? Call us toll-free at 1-877-227-4484 or complete our Quick Online Qualifier to determine your eligibility.

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DEFINITION OF CONTINGENT BENEFICIARY

An individual, several individuals, a corporation, trust, or charitable organization that is entitled to receive the proceeds (net death benefit) of a life insurance policy if the primary beneficiary is not living at the time of the insured's death.

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