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Life Insurance Exam: How Beneficiary Designations Work
Prepping for the life insurance exam? Here’s what you need to know about beneficiary designations: 🔹 They determine who receives the death benefit when the insured dies 🔹 Primary beneficiary = first in line for the payout 🔹 Contingent beneficiary = receives the benefit if the primary is deceased 🔹 Policyowner can change a ...
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