Beneficiary Clause


Definition of "Beneficiary clause"

Serena LoPiccolo-Smith real estate agent
Serena LoPiccolo-Smith, Real Estate Agent The INSPIRE Team of Keller Williams Cape Cod & the Islands

Provision in a life insurance policy that permits the policy owner to name anyone as primary and secondary beneficiaries. The policy owner may change the beneficiaries at any time by simply writing the insurance company and sending the policy for endorsement if that is requested.

 

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