Sentences with phrase «other named beneficiary»

If the policyholder should die within that period, the policy will pay out the face value to the family or other named beneficiary.

If your grandmother has also passed and there are no other named beneficiaries, then the death benefit will be paid to your uncle's estate.

The remaining balance is then directed to any other named beneficiaries.

If your grandmother has also passed and there are no other named beneficiaries, then the death benefit will be paid to your uncle's estate.

This is a special type of permanent life insurance policy that pays directly to a funeral home instead of to your family or other named beneficiaries.

Not exact matches

Since estate taxes are assessed only when bequests are left to someone other than a husband or wife — most commonly, when estates pass, after parents» death, to the children — it's smart to buy enough second - to - die coverage in the name of the beneficiary to pay off future estate - tax bills.

It would not be included in your estate for other purposes, such as paying creditors, unless you named the estate as beneficiary or all your beneficiaries passed away.

The executive order in question, issued by President Clinton and affirmed by President Bush in 2002, states that while religious organizations that receive federal funds can not discriminate against beneficiaries of their programs, they «may retain religious terms in its organization's name, select its board members on a religious basis, and include religious references in its organization's mission statements and other chartering or governing documents.»

In consideration of being permitted to participate in any way in the ALL SPORTS SERIES AND CHICAGO SPORT & SOCIAL CLUB, INC. («CSSC») and its affiliates (CSSC and its affiliates are referred to collectively as the «CLUB»), the sufficiency of which consideration is expressly acknowledged, and intending to be legally bound, do hereby, for myself, my heirs, executors, administrators, insurers, assigns, attorneys, representatives, agents, beneficiaries, legatees, representatives, successors, assigns and any other persons who may make claims on my behalf (collectively the «RELEASORS») Program indicated below and / or being permitted to enter for any purpose any restricted area (here in defined as any area where in admittance to the general public is prohibited), the participant and the parent (s) and / or legal guardian (s) of the minor participant named below agree:

Apart from individuals, corporate organisations were also named as beneficiaries in the new charges and they include AMP Solar Service, Afro - Arab Investment, Bam Project and Projecties Limited, Bob Oshodin Organisation Limited, Wehsac Farms Limited, Wehsac Limited, Dimaris Mode Coolture Limited, First Aralac Global Limited, Stellavera Development Limited, Jawaz Multi-purpose Venture Limited, Little Italy Global Services Limited, Belsha Nigeria Ltd and Syvan McNamara Limited among others.

Put another way, probate assets are generally those you own alone in your name, while nonprobate assets generally consist of assets you no longer have legal title to (i.e. trust assets), assets that will pass automatically upon your death (i.e. beneficiary designation), and assets owned jointly with others (i.e. joint tenancy with right of survivorship).

Identify heirs such as siblings, children, grandchildren OR other beneficiaries... include name, approximate age, and relationship.

They both have separate wills that name each other as full beneficiary.

Married couples can either name each other beneficiaries of their own life insurance policies, or own policies on one another.

Generally, if you die prior to your attained age 70 1/2 and you have named persons other than your spouse as beneficiary, the entire IRA must be distributed by December 31 of the year containing the fifth anniversary of your death.

A third option would be to name your estate as the beneficiary of your life insurance policy and then draft a will that states how you wish to divide your assets and you can name your significant other as the beneficiary of the life insurance benefit.

I understand about «insurable interest» but, can I have my parents (remarried to other ppl) take out a term life policy, name me as the beneficiary but, I will make the monthly payments?

It would not be included in your estate for other purposes, such as paying creditors, unless you named the estate as beneficiary or all your beneficiaries passed away.

Typically, a parent or grandparent opens the account and names a child or other loved one as the beneficiary.

While spouses can own life insurance on each other, most couples top to own their own policy and simply name their spouse as the policy beneficiary.

If two beneficiaries are listed on an employment life insurance policy split up 50/50, and one of the beneficiaries are not found (due to no contact information or last name etc) would the other beneficiary receive the 100 % or only the 50 % originally placed?

Now the agent isn't legally obligated to share, but they may be willing to give the name of the other beneficiary to the family.

In either case, you need to complete an IRA application that, among other things, allows you to name the beneficiaries.

On the other hand, if you have named specific children, any later - born or adopted children will not receive the death benefit — unless you change the beneficiary designation to include them.

In other words, if your term life insurance coverage amount were $ 475,000, your named beneficiary would receive that total amount.

Note that only a spouse can be your successor holder: if you want a child or other heir to receive your assets, they must be named as the beneficiary.

«Guaranteed 48 hours Fund Value release» means release of the cheque on intimation of death of Life Insured towards the Fund Value accrued under your policy, in the beneficiary's name within 48 hours and does not in any way indicate acceptance of any other policy liability.

g. No corresponding records available with the Depositories matching the parameters namely (a) Names of the ASBA applicants (including the order of names of joint holders)(b) DP ID (c) Beneficiary account number or any other relevant details pertaining to the Depository AccNames of the ASBA applicants (including the order of names of joint holders)(b) DP ID (c) Beneficiary account number or any other relevant details pertaining to the Depository Accnames of joint holders)(b) DP ID (c) Beneficiary account number or any other relevant details pertaining to the Depository Account.

This page lists the policy specifications such as the name of the insured, the policy owner, the beneficiary, the policy number, the amount of insurance and the premium amount among other things.

However, a gift of assets to a non-spousal trust that names other persons as beneficiaries usually results in a disposition of those assets at fair market value for income tax purposes.

In the above example, if Grandma named anyone other than herself or her daughter as beneficiary of that annuity and her daughter died first, very bad things will result.

For instance, after a year or two, you might consider buying a home together and naming each other as beneficiaries of your retirement accounts and life insurance.

Conveniently leave money for your loved ones with the ability to bypass your estate by naming a beneficiary other than the estate to receive the death benefit

If a parent dies and leaves a will that divides the estate equally, but also leaves a life insurance plan that names only one child as a beneficiary, can the other siblings force the life insurance...

In the other family RESP application, name Kid B as 1st beneficiary, Kid A as 2nd and make a CESG grant application in Kid B's name.

Business partners buy life insurance on each other and name themselves as beneficiaries.

If the beneficiary does not pursue postsecondary studies and no other beneficiary is named, grants will be returned to the government and contributions will be refunded to the subscriber.

You may name beneficiaries in your will, insurance policy, retirement plan, annuity, trust or other contracts.

You might name a charity as beneficiary of your traditional IRA, while bequeathing your Roth IRA and other assets to your children or other family members.

When the account transfer is complete, we'll send you and any other beneficiaries a letter or an email letting you know the account has been transferred into your names.

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

A reissue transaction is a reportable event if a living owner, principal co-owner, surviving co-owner, beneficiary, or other person entitled to ownership (for example, an heir upon the death of persons named on the bond) is not named owner or principal co-owner in the new registration on the bond issued in the transaction.

Name American Humane Association as the beneficiary of your retirement plan, then use other assets not subject to income tax to make gifts to your heirs.

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.

To do so, please name Angels Among Us Pet Rescue as the beneficiary of your paid life insurance policy, 401 (k), IRA, TSA or other retirement account, you can make a substantial future gift to benefit our rescue pets.

Make a gift from your IRA, 401 (k), 403 (b), or other defined contribution plan by naming DAWS as a beneficiary of all or a percentage of whatever remains in the fund at the end of your life.

Some assets — such as life insurance policies, IRAs and other qualified retirement plans — are not handled through your will and require you to name a beneficiary.

You may name American Rivers as a beneficiary of your IRA or other qualified retirement benefits.

Name American Rivers as the beneficiary of your retirement plan, then use other assets not subject to income tax to make gifts to your heirs.