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Community: Investing Wiki

Term Of The Hour

primary contingent beneficiary: Original post by Lisa Bigelow of Demand Media A beneficiary is a person or an entity who inherits another's asset after death. Life insurance policies and retirement accounts are two assets that frequently have named beneficiaries that account owners designate in advance. After death, the asset passes to the beneficiary without the hassles of going through probate court. Account owners have the…

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