Sentences with phrase «as a primary beneficiary for»

For example, Cheryl lists her husband John as primary beneficiary for her life insurance policy and their two children as contingent beneficiaries.

It is common for a lender, bank or other entity to ask a business owner to take out and maintain a life insurance policy and name the lender as a primary beneficiary for the debt (payoff schedule is usually attached to the assignment), as a condition of the loan until the loan is repaid.

Not exact matches

For example, if your spouse named you as the primary beneficiary of his IRA, and your son as the contingent beneficiary, if you disclaim your IRA inheritance (meeting all the necessary requirements), your son would inherit all of the IRA assets.

[2] Mainstream organizations are defined here as those working in different projects, without a focus on disability — as opposed to disability focused NGOs, which usually implement (or partner with local organizations for that purpose) different types of projects, with persons with disabilities as their primary beneficiaries.

Finally, the authors found that the rate of growth in mental health conditions as a primary diagnosis was significant among the uninsured, Medicare beneficiaries, and the privately insured, showing the emergency department is also serving as a place of care for patients with mental illness.

For example, Sarah lists her children's stepfather Alex as primary beneficiary and her favorite charity as contingent beneficiary for her life insurance proceeFor example, Sarah lists her children's stepfather Alex as primary beneficiary and her favorite charity as contingent beneficiary for her life insurance proceefor her life insurance proceeds.

For example, two children of an insured may both be listed as primary beneficiaries.

An example of a tertiary beneficiary for life insurance would be if you name your wife as the primary beneficiary, your son as the secondary beneficiary, and your son's daughter, your grandchild, as the tertiary beneficiary.

It explains when a trust beneficiary is treated as a primary producer for the purpose of the primary producer income averaging and farm management deposit (FMD) rules.

For both primary and contingent beneficiaries, you can assign as many beneficiaries as you want.

You want to assign a contingent beneficiary as your primary beneficiaries could die or somehow be impaired, and it can be a hassle for your family if your life insurance proceeds are added to your estate.

Despite the death of the primary beneficiary, payments would continue to the secondary beneficiary for as long as the chosen term lasts.

Desirae has been organizing events and volunteering in shelters for four years and has been a dedicated volunteer with TLC since 2012 after her employer selected TLC as their primary beneficiary of the «Rescue Run 5K.»

So while there are those with primary responsibility for the ongoing climate catastrophe, who have had a central decision - making role, there are largely passive beneficiaries who can additionally be used as ideological cover by those with primary responsibility.

Prior to the Fukushima disaster that followed the 2011 tsunami, Japan shuttered its nuclear generation fleet, leading in part to the 2012 introduction of the feed - in tariff policy for solar, the primary beneficiary of which to date has been the utility - scale solar (known as «megasolar» in Japan) sector.

As events unfolded, it could be argued that the commercial legal publishers were the primary beneficiaries of CLIC's efforts in readying the market for the digital legal information products.

This type of policy is a life insurance policy which is a purchased for primary executive or other key personnel in a company where the company is named as the beneficiary.

If things don't go as planned, though, and the primary beneficiary (ies) predeceases the insured, or dies at the same time as the insured, for example in the case where a husband and wife are killed together in an accident, then the contingent beneficiary (ies), also known as secondary beneficiary, receives the funds.

You can name each other primary beneficiaries and then list, for example, adult children or trusted family members as secondary beneficiaries in the event that you both pass away at the same time.

If you have additional family members you'd like to provide for after you're gone, you can also name them as your primary beneficiaries, in addition to the special needs trust.

Life insurance exists to cover expenses and debts for your beneficiaries if you as the primary breadwinner are no longer around.

Expanding on Barker's comments, it should be noted that beneficiaries indeed are paid out in the event of the primary beneficiaries» passing (prior to, or in conjunction with the named person), and are as important as a primary beneficiary when taking into consideration as to how one wishes for their policy to assist their family and loved ones after one's passing.

As you narrow down your answers, organizing your plans on the site's personalized dashboard makes it easy to create primary and backup plans for the handling of your property and assets, who your beneficiaries are, and how you'd like your medical care and final arrangements carried out.

As the policyholder, you make the funeral home the primary beneficiary of your policy with any proceeds left over targeted for the next beneficiary on the policy.

The primary factor that complicates the beneficiary change process is the Temporary Restraining Orders that are put into place as soon as the petition for divorce is filed.

For example, you can name a non profit organization as the primary beneficiary of your life insurance death benefit.

For example, your spouse may be listed as the primary beneficiary and your adult child (or another loved one) would be named as the contingent beneficiary.

The Insurance Information Institute (III) recommends you also select a contingent beneficiary as next in line for the benefits in case your primary beneficiary can not be found or dies.

Otherwise known as «pure» life insurance, it should really be called «death» insurance, since the primary benefit is to provide for your beneficiary when you die.

It is therefore imperative for both father as well as mother to have independent life insurance policies and name each other as primary beneficiaries.

It is common for policyholders to name their spouse as the primary beneficiary of their life insurance policy and their children as contingent beneficiaries.

An example of a tertiary beneficiary for life insurance would be if you name your wife as the primary beneficiary, your son as the secondary beneficiary, and your son's daughter, your grandchild, as the tertiary beneficiary.

You want to assign a contingent beneficiary as your primary beneficiaries could die or somehow be impaired, and it can be a hassle for your family if your life insurance proceeds are added to your estate.

For both primary and contingent beneficiaries, you can assign as many beneficiaries as you want.

For example, you name your three brothers as your primary beneficiaries.

He had submitted an application for life insurance showing his wife and his two daughters, ages 1 and 3, as equal primary beneficiaries of a $ 1,000,000 policy.

He plans to occupy the house as his primary residence, but for estate planning purposes, he wants to put his house into a land trust with himself as the beneficiary so he can designate a successor benefiary and avoid probate if / when he dies.