Beneficiary 

Your primary beneficiary is the first person(s) that will receive the benefit of your life insurance policy from Grand Valley should you pass away while employed.

Secondary Beneficiary 

The Secondary Beneficiary is the person(s) that will receive the life insurance benefit from Grand Valley when you pass away and your Primary Beneficiary (ies) has passed away also.

Per Stirpes

Per stirpes is a method for distributing the estate of a deceased individual. Per stirpes (which is Latin for "per branch") specifies that each branch of the deceased person's family receives an equal share of the estate, regardless of how many people are in that branch. For example, if A and B are the children of the deceased, but B is also deceased leaving children C, D, E, F and G (the grandchildren of the original person), then A would receive one half of the estate and each of B's 5 children would receive one-tenth of the estate (essentially, they are dividing B's half). Per stirpes is different from per capita, because per capita weighs each person equally, rather than each branch equally.