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LSDefine

Simple English definitions for legal terms

secondary beneficiary

Read a random definition: failure to state a claim

A quick definition of secondary beneficiary:

A secondary beneficiary is someone who is named as a backup recipient of a gift or benefit in case the primary beneficiary is unable or unwilling to receive it. For example, in a life insurance policy, the primary beneficiary is the person who will receive the proceeds when the insured person dies. However, if the primary beneficiary is no longer alive or cannot be located, the secondary beneficiary will receive the proceeds instead.

A more thorough explanation:

A secondary beneficiary is a person who is designated to receive something, such as money or property, if the primary beneficiary is unable or unwilling to receive it. This is also known as a contingent beneficiary.

For example, if John names his wife Mary as the primary beneficiary of his life insurance policy, but also names his son Tom as the secondary beneficiary, Tom will receive the proceeds if Mary is unable or unwilling to receive them.

This is important because it ensures that the assets will go to someone the policyholder wants, even if the primary beneficiary cannot receive them for some reason.

secondary assumption of risk | secondary consideration

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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