Sentences with phrase «children as the primary beneficiaries»

Most policyholders designate their surviving spouse or an adult child as their primary beneficiary.

She may name their children as the primary beneficiaries.

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.

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.»

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

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

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

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

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.

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.

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.

Typically, the primary breadwinner in the family will purchase life insurance and list their spouse and their children (if they have any) as beneficiaries on the policy.

Most people name their spouse (or partner) as the primary beneficiary and their children as secondary (or contingent) beneficiaries.

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.

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

If there are children involved, they can be re-designated as the primary beneficiary.

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