Sentences with phrase «nominate the beneficiary for»
Not exact matches
For example if you bought an annuity and nominated your spouse as the reversionary beneficiary, they might continue to receive 60 % of your income for the rest of their life, after you have passed For example if you bought an annuity and nominated your spouse as the reversionary beneficiary, they might continue to receive 60 % of your income for the rest of their life, after you have passed for the rest of their life, after you have passed on.
https://www.moneysmart.gov.au/
George wants to apply for a $ 5,000,000 Term life policy and nominate his wife Lisa as the beneficiary.
In this case, your children will qualify for your insurance money if you nominate them as contingent (secondary) beneficiaries.
Based on these needs, they should buy adequate insurance and also nominate different categories of beneficiaries clearly, to ensure that in an eventuality, the money goes to the person it was intended for.