Sentences with phrase «as the beneficiary of your life insurance policy directly»
Charity as beneficiary: Similar to leaving a bequest through a will is naming the charity as the beneficiary of your life insurance policy directly on an application.
If your lifeinsurancepolicy has named a trust as the beneficiaryof your policy instead of an individual, the death benefit from your lifeinsurancepolicy will pay directly to your trust when you pass away.