Beneficiary Clause


Definition of "Beneficiary clause"

Tom Wibirt real estate agent
Tom Wibirt, Real Estate Agent Coldwell Banker F. I. Grey Residential, Inc.

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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