contingent beneficiary
noun[C]
ukuspluralcontingent beneficiaries(alsosecondary beneficiary)LAW,INSURANCE
aperson,organization, etc. who willreceivethemoneyfrom aninsurancepolicyor awillif the firstpersonnamedin thedocumentcannot or does notwanttoreceivethemoney:
Ifyourprimarybeneficiaryisdeceasedand you haven'tnamedacontingentbeneficiary, themoneywill go toyourestate.