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There are different types of beneficiaries; Irrevocable, Revocable and Contingent.
A primary beneficiary is the first person you name to receive the proceeds from your insurance policy upon your death. You can designate 100% of the proceeds to one primary beneficiary or you can divide the proceeds among multiple primary beneficiaries.
Your primary beneficiary is first in line to receive your death benefit. If the primary beneficiary dies before you, a secondary or contingent beneficiary is the next in line. Some people also designate a final beneficiary in the event the primary and secondary beneficiaries die before they do.
How Long Does a Beneficiary Have to Claim a Life Insurance Policy? Unless an insurance policy has explicit language in the contract regarding the timeframe within which a claim must be made, there is generally no time limit for beneficiaries to file a life insurance claim.
Once a valid claim has been made, it will typically take between 14 and 60 days to receive the payment from the insurance company, and usually it occurs within 30 days.

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There are two types of beneficiaries: primary and contingent. A primary beneficiary is the person (or persons) first in line to receive the death benefit from your life insurance policy \u2014 typically your spouse, children or other family members.
If you don't name a beneficiary as part of your life insurance policy, the death benefit will flow through your estate. Your loved ones will receive a smaller lump sum payment, and payment will be delayed as the funds go to probate as part of your estate.
Name only living persons as beneficiaries, unless you are naming a trust, your estate or an organization. Do not name the same person or organization as both a primary and secondary beneficiary. Do not use the word \u201cor\u201d when designating multiple beneficiaries. Do not impose any conditions on payment.
You might want to contact the National Association of Insurance Commissioners (NAIC) for their free Life Insurance Policy Locator Service, which looks for policies on the databases of many insurance companies. Another great resource could be your state's Department of Insurance (DOI).
Most beneficiary designations will require you to provide a person's full legal name and their relationship to you (spouse, child, mother, etc.). Some beneficiary designations also include information like mailing address, email, phone number, date of birth and Social Security number.