Sentences with phrase «choose beneficiary designations»

So it is imperative to be both educated and mindful of the way you choose beneficiary designations.

Not exact matches

You can choose anyone, so the fact that it's a spousal RRSP is irrelevant — your beneficiary designation is key.

You can choose anyone, so the fact that it's a spousal RRSP is irrelevant — your beneficiary designation is key.

Understanding how to choose your life insurance beneficiary designation.

A revocable designation allows the insured to change beneficiaries after the policy becomes in force, if he or she so chooses, without the consent of the beneficiary; While an irrevocable designation can not be changed in the future without the consent of the beneficiary.

Beneficiary designations can be chosen in many different ways by a policyowner, and in return, insurance companies must adhere to these designations explicitly.

An insured can choose for the beneficiary designation to be either revocable or irrevocable.