What is another word for contingent beneficiary?
Pronunciation: [kəntˈɪnd͡ʒənt bˌɛnɪfˈɪʃəɹi] (IPA) 
A contingent beneficiary refers to an individual who will receive the benefits of a particular asset or insurance policy if the primary beneficiary is unable to fulfill their role. However, there are several synonyms that can be used interchangeably to describe this concept. One commonly used synonym is "alternate beneficiary", which pertains to an individual designated as an alternative option if the primary beneficiary cannot inherit the intended assets. Another synonym is "secondary beneficiary", indicating a person who would receive the benefits if the primary beneficiary predeceases the policyholder. Lastly, the term "backup beneficiary" can also be used, signifying someone who steps in if the primary beneficiary cannot fulfill their designated role. These various synonyms essentially convey the same idea of providing an alternative recipient in case of an unforeseen circumstance.
