Sentences with phrase «grandchildren as primary beneficiaries»
Not exact matches
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.
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Annuity owners often setup their spouse as the primary beneficiary and their children and / or grandchildren 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.