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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 PRIMARY BENEFICIARY

The primary beneficiary is the individual(s), trust, or other entity that receives the proceeds of the insurance policy in the event of the insured's death. This beneficiary position takes precedent over a secondary or contingency beneficiary when a death claim is paid out by the life insurance carrier.

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