Sentences with phrase «beneficiary as your primary beneficiaries»

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.

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.

Not exact matches

He is still the sole primary beneficiary of a majority of the trusts that will retain assets, with his children as the secondary beneficiaries.

The primary beneficiaries of the Trans Mountain pipeline are Houston's Kinder Morgan, Alberta's slumping oil sector, controlled by foreign multinationals such as Exxon and Shell, and export markets in Asia, primarily China.

Under variable interest entity accounting guidelines, the Company consolidates Employee LLC as the Company is the primary beneficiary of Employee LLC.

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.

Couples should consider designating each other as the primary beneficiary on bank accounts, insurance policies and retirement plans.

Mandatory and voluntary contributions are made to the fund by the primary beneficiaries, and disbursements from the fund are made as the Governing Body deems appropriate.

Strategic voting can not possibly explain the lack of women, since women would be just as likely to be beneficiaries of it as men in M - vs - W primary (unless you stick to your original «bigoted» theory that somehow men are better at it and thus strategic voting would rationally always favor them)

[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.

«Kuchigoro Primary Health Care Centre has been renovated as a model primary health care centre where quality health care services will be obtained at little or no cost to the beneficPrimary Health Care Centre has been renovated as a model primary health care centre where quality health care services will be obtained at little or no cost to the beneficprimary health care centre where quality health care services will be obtained at little or no cost to the 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.

The primary beneficiaries would include airports, utilities, and such emergency services as the police.

The biggest beneficiaries of evolving therapy were young patients diagnosed with ALL, Hodgkin lymphoma or Wilms tumor as their primary cancer.

CEA President Cohen was quoted as saying, «Today's PEAC changes will foster a new climate that moves away from the rigidity and moves toward the healthy flexibility that our schools communities sorely need...,» while AFT - CT President Peters added, «With PEAC's approval of new flexibility options, our state's children will be the primary beneficiaries of this course correction.»

A contingent beneficiary is specified by an insurance contract holder or retirement account owner as receiving proceeds if the primary beneficiary is deceased, unable to be located or refuses the inheritance at the time the proceeds are to be paid.

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

Most people choose their spouse as their primary beneficiary.

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

Because many people name immediate family as primary beneficiaries, they often select close friends and relatives as contingent beneficiaries.

If you make your spouse your primary beneficiary, be sure to include secondary beneficiaries as well.

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

If you were not yet in a serious relationship with your spouse when you first bought life insurance, you may have named a parent or sibling as your policy's primary beneficiary.

It sounds as if you are listed as a primary beneficiary and there are lines underneath the primary designation with the two other individuals.

To recap — selecting your primary and contingent beneficiaries is just as important as owning a life insurance policy.

Change / update your primary and contingent beneficiary designations as your family and financial situation changes.

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.

So I'm listing her revocable trust as «owner» and she as «primary beneficiary», with no age limits.

Annuity owners often setup their spouse as the primary beneficiary and their children and / or grandchildren as contingent beneficiaries.

As the IRA distribution process occurs upon your death, if the primary beneficiary is alive, your account will go to them.

Most people will list their spouse as their primary beneficiary, so if your spouse has died, you should immediately change the beneficiary designation.

However, contingent beneficiaries also need to know who all of your primary beneficiaries are, as they will need to prove that all primary beneficiaries are unable to make a claim.

As with primary beneficiaries, contingent beneficiaries should be provided with a copy of your life insurance policy, as this will smooth the claims procesAs with primary beneficiaries, contingent beneficiaries should be provided with a copy of your life insurance policy, as this will smooth the claims procesas this will smooth the claims process.

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.

This might require obtaining copies of the death certificate of each primary beneficiary, as well as yours.

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

The primary disadvantage of naming a trust as beneficiary is that the retirement plan assets will be subjected to required minimum distribution (RMD) payouts, which are calculated based on the life expectancy of the oldest beneficiary.

As you can see, the only real difference between primary and contingent beneficiaries is that primary beneficiaries have the first claim to your life insurance proceeds.

This gives the lender the right to receive death proceeds as primary beneficiary up to the amount of the loan.

Or, the custodian could go strictly «by the book», where the beneficiary form indicates a specific individual as the primary beneficiary, regardless of any other outside document.

@KeithB My personal opinion is that it is a bad idea to have multiple primary beneficiaries on an IRA especially if there is any possibility that one or more of the beneficiaries pass away at the same time (or around the same time) as you (think of a family involved in an accident).

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

In simpler estate plans where there is no federal estate tax issue, it may just be easier to designate your spouse as a primary beneficiary and perhaps your trust or adult children as a contingent beneficiary.

Often, you'll name a primary beneficiary (generally your spouse), and a secondary beneficiary (often your children) if the primary is incapacitated or dies at the same time as you.

That meant keeping each other as the primary beneficiary, and naming the trust as the secondary beneficiary.

About seven years ago, I encountered a circumstance in which a university was listed as the primary beneficiary of a deceased plan participant's workplace retirement account.

You can name Mostly Mutts Animal Rescue as a primary life insurance beneficiary or as a contingent beneficiary should your other beneficiaries not survive you.

Retirement Assets: You may designate Safe Harbor Lab Rescue as a primary or secondary beneficiary of your IRA or 401 (k) plan.

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.»

You can name The Grey Muzzle Organization as a primary life insurance beneficiary or as a contingent beneficiary should your other beneficiaries not survive you.