Sentences with phrase «named beneficiaries immediate»

Not exact matches

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

If you don't name a beneficiary then your IRA investments will just go to whoever gets the rest of your assets, generally your spouse and immediate family.

An immediate death benefit is created that passes income tax free to a named beneficiary, charity, or funeral home.

Privacy is still important even after death, so you might not think you would have the right to inquire about a death benefit if you are not the immediate family member, however there are circumstances where even if you are not the next of kin you may have the right to information; For example, if you are the beneficiary named on the policy.

Life insurance is commonly thought of as a way to leave an inheritance to our immediate family, but the fact is that the beneficiary of a policy can be anyone or any organization you choose to name.