What if the primary beneficiary died before the policyholder? | NC

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Q: What happens to life insurance or annuity benefits if the primary beneficiary died before the policyholder? A: In North Carolina, the policy or annuity contract controls first. A primary beneficiary who died before the policyholder usually does not receive the benefit. The company will normally ask for proof of the policyholder’s death, and may also ask for proof that the primary beneficiary…