Sentences with phrase «other as primary beneficiaries»

It is therefore imperative for both father as well as mother to have independent life insurance policies and name each other as primary beneficiaries.

Couples should consider designating each other as the primary beneficiary on bank accounts, insurance policies and retirement plans.

That meant keeping each other as the primary beneficiary, and naming the trust as the secondary beneficiary.

Married couples often list each other as the primary beneficiary on life insurance policies, and should think carefully before making any changes during a separation.

Not exact matches

It sounds as if you are listed as a primary beneficiary and there are lines underneath the primary designation with the two other individuals.

Or, the custodian could go strictly «by the book», where the beneficiary form indicates a specific individual as the primary beneficiary, regardless of any other outside document.

You can name Mostly Mutts Animal Rescue as a primary life insurance beneficiary or as a contingent beneficiary should your other beneficiaries not survive you.

You can name The Grey Muzzle Organization as a primary life insurance beneficiary or as a contingent beneficiary should your other beneficiaries not survive you.

It is common for a lender, bank or other entity to ask a business owner to take out and maintain a life insurance policy and name the lender as a primary beneficiary for the debt (payoff schedule is usually attached to the assignment), as a condition of the loan until the loan is repaid.

This type of policy is a life insurance policy which is a purchased for primary executive or other key personnel in a company where the company is named as the beneficiary.

You can name each other primary beneficiaries and then list, for example, adult children or trusted family members as secondary beneficiaries in the event that you both pass away at the same time.

It sounds as if you are listed as a primary beneficiary and there are lines underneath the primary designation with the two other individuals.

When purchasing these policies, James and Lily would have likely named each other primary beneficiaries, followed up by naming Sirius Black their contingent beneficiary as custodian of their minor son.

They had life insurance on each other, but the primary goal of his insurance with her as beneficiary was so she could take care of his grandfather, keeping him in his own home, a plan that none of the rest of the family wanted to participate in.