The insurance beneficiary refers to the person who accepts the benefits of the insurance contract in life insurance. At the same time, beneficiaries are divided into legal beneficiaries and designated beneficiaries. The situation of different beneficiaries may affect the punching speed of creditor's rights, in which the creditor's rights of designated beneficiaries are faster than those of legal beneficiaries.

I. Two situations of beneficiaries

1. Designated beneficiary: Who is the beneficiary as stipulated in the contract? Only the beneficiary can receive compensation.

2. Legal beneficiary: there is no beneficiary specified in the contract, and the compensation amount needs to be collected in the order of inheritance law. (First order: spouse, children, parents; Second order: brothers and sisters, grandparents, grandparents)

Second, the conditions that the beneficiary needs to have.

1. The beneficiary enjoys the benefits of the insurance contract and receives the insurance premium, but is not a party to the insurance contract and has no obligation to pay the insurance premium.

2. The beneficiary is the person designated by the applicant or the insured in the insurance contract.

Three. Materials provided by beneficiaries

1. Identity proof

2. Reasons for the ID card of the living beneficiary

3. Beneficiary's bank account

Four. Beneficiary case sharing

1. The term life insurance liability is death, and the claim type is death insurance, and the claim is paid to the beneficiary.

2. The insurance liability of critical illness insurance is death, and the claim type is death insurance, and the claim is paid to the beneficiary.

3. The accident insurance liability is death, and the claim type is death insurance, and the claim is paid to the beneficiary.