Beneficiary Clause
Definition of "Beneficiary clause"
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.
Popular Insurance Terms
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Accrediting body for the ACAS (Associate of the Casualty Actuarial Society) designation and the FCAS (Fellow of the Casualty Actuarial Society) designation. To earn these designations, ...
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