Ans: No matter whether you set a primary or a secondary beneficiary, knowing the payout process is a must. The following is how the contingent beneficiary payout process works: • On purchasing a policy, you might have to select at least a single contingent beneficiary along with the primary ones. Make sure to tip your beneficiaries whenever needed.  • If you pass away when your policy is still active, ask your insurer to consult the primary beneficiary. he/she might take the help of the contact information provided by you. • In case the insurer confirms that no primary beneficiary is living, the insurer navigates to reaching out to the contingent beneficiary. The ones living are likely to receive your will’s death benefit, as stated in the policy.