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2. Choosing a life insurance beneficiary - AOL

   www.aol.com/finance/choosing-life-insurance...

   In terms of what a life insurance beneficiary is, there are two main types: primary and contingent, both of which can be revocable or irrevocable in nature. Primary beneficiary: ...

3. What Exactly Do I Need to Know About Beneficiaries? - AOL

   www.aol.com/exactly-know-beneficiaries-132408610...

   Life insurance policies also have beneficiaries. These are the persons who will get checks from the insurance company to pay the death benefit. You also will name beneficiaries for annuities and ...

4. Life Insurance Beneficiary vs. Will: Do I Need Both? - AOL

   www.aol.com/life-insurance-beneficiary-vs-both...

   Continue reading → The post Life Insurance Beneficiary vs. Will appeared first on SmartAsset Blog. However, life insurance beneficiaries can conflict with the terms in your will if you aren't ...

5. Life insurance - Wikipedia

   en.wikipedia.org/wiki/Life_insurance

   Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of an insured person.

6. Insurable interest - Wikipedia

   en.wikipedia.org/wiki/Insurable_interest

   The principle of insurable interest on life insurance is that a person or organization can obtain an insurance policy on the life of another person if the person or organization obtaining the insurance values the life of the insured more than the amount of the policy. In this way, insurance can compensate for loss.

7. What happens if your life insurance beneficiary dies ... - AOL

   www.aol.com/finance/happens-life-insurance...

   Key takeaways. If your life insurance beneficiary dies before you, the payout may go to a contingent beneficiary or your estate, depending on how you set up the policy.

8. Uniform Simultaneous Death Act - Wikipedia

   en.wikipedia.org/wiki/Uniform_Simultaneous_Death_Act

   The Act may also help to resolve a life insurance case where the insured and beneficiary die in a common disaster. Different rules apply for insurance. For example, Carol has a life insurance policy through her employer. Her husband Dave is its beneficiary. They are both killed in a car crash, dying at or near the same time.

9. What is an irrevocable beneficiary? - AOL

   www.aol.com/finance/irrevocable-beneficiary...

   An irrevocable beneficiary has a guaranteed right to receive the death benefit from your life insurance policy, and their consent is required for any changes that affect their rights.