Beneficiary Clause


Definition of "Beneficiary clause"

Shavonya Munford real estate agent
Shavonya Munford, Real Estate Agent Samson Properties

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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