Sentences with phrase «nominated beneficiaries»

With standard life insurance, when you die your payout will go to your nominated beneficiaries, whereas with consumer credit insurance, the payout will go to your lender.

A superannuation income stream that automatically reverts to a nominated beneficiary on the death of its current recipient.

... if the deceased owned life insurance and nominated a beneficiary of the policy, the proceeds of that policy would not pass into the deceased's estate, but would go directly to the nominated beneficiary

In most cases, when a person dies their super fund pays their remaining super to their nominated beneficiary.

When a person dies, their super balance is usually paid to their nominated beneficiary.

If there is no nominated beneficiary, the proceeds will go to the policy owner or the policy owner's estate.

Binding death benefit nomination: Where the super fund, in the event of your death, must pay your superannuation benefit to your nominated beneficiary, unless it would be unlawful to do so.

I am the nominated beneficiary of my partner's life insurance.

If you nominated a «reversionary beneficiary» then the income stream payments will continue to be paid to your nominated beneficiary, such as your spouse or dependant.

A reversionary beneficiary is the nominated dependant beneficiary of a superannuation income stream that automatically reverts to the nominated beneficiary on the death of the superannuation income stream recipient (member).

Tenants in common may pass on their share to a nominated beneficiary in their will.

This means you can not nominate the beneficiaries of your superannuation through your will.

Where the superannuation fund, in the event of your death, must pay your superannuation benefit to your nominated beneficiary, unless it would be unlawful to do so.

Life Insurance is an agreement between an insurance company and a policyholder, under which the insurer guarantees to pay an assured some of the money to the nominated beneficiary in the unfortunate event of the policyholder's demise during the term of the policy.

Not exact matches

My civil commitment pact would allow people to nominate any «significant other» in their life as next of kin and beneficiary.

In a letter written to INEC by hiw lawyer, Wole Olanipekun, SAN, Faleke said «In law and logic, no new candidate can inherit or be a beneficiary of the votes already cast, counted and declared by INEC before that candidate was nominated and purportedly sponsored.»

When an investment bond is set up, you'll need to nominate a policy owner, a life or lives to be insured and beneficiaries.

If you have nominated a reversionary beneficiary then that person will continue to receive your pension payments until the account runs out and they'll be able to manage the account just as you could before your death.

An investment bond is technically a life insurance policy so you need to nominate a life to be insured and a beneficiary.

Review the beneficiaries you have nominated with your super fund or life insurance policy, especially if you have separated from your partner or your children are now adults.

The money will go to the people you nominate as beneficiaries on your policy.

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 on.

The administrators of the scheme denied Ms Brewster access to a survivor's pension on the basis that Mr McMullan had not completed a form nominating her as beneficiary, despite the fact that she satisfied all other conditions imposed by the regulations.

contains general information on mental capacity and the law, including the common - law tests of capacity to: make a will, make a beneficiary designation, nominate a committee, and retain legal counsel, among others.

After you die this money will be paid to whichever friend or family member you have nominated as the beneficiary.

Once beneficiaries are nominated on your policy the insurer will pay the amount directly to your beneficiary without involving the executor of your estate.

The employee may nominate any party (person or institution) as a beneficiary.

These new rules of nominating a kin make life of the beneficiary simple and hassle - free.

The policyholder can nominate a person (the beneficiary) to receive the Death Benefit in the event of the demise of the life insured or make a change in nomination at any time during the tenure of the plan, provided the plan is in force, by submitting a written request to the insurance company.

In the unfortunate event of the demise of the child beneficiary, the policyholder may nominate another child as the beneficiary.

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.

He nominates his wife Kirti as a beneficiary, in case of his unfortunate demise.

Nomination Facility: The insured has the right to nominate his or her beneficiary along with this; he can make any changes to the nomination.

You have to provide the name of the nominated person or beneficiary.

You can change beneficiary nominated by you at any time until the maturity date.

In case of the unfortunate death of the child beneficiary, you can nominate another child as beneficiary.

A death benefit can usually be paid to any beneficiary you nominate, though different beneficiaries may receive different amounts depending on their circumstances (usually their age at the time the benefit begins) or your insurance contract.

You can nominate your fiancé as a beneficiary in the policy.

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.

In this case, you may be able to nominate your cohabiting partner as the beneficiary.