Sentences with phrase «significant other a beneficiary»

It is an easier approval process to buy a life insurance policy on yourself and name your significant other a beneficiary than it is for your significant other to own a life insurance policy on you — and vice versa.

Not exact matches

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

They also revealed that the United States» agricultural output and economy are significant beneficiaries of ancient farmers in East Asia, where soybean originated, and Central America and Mexico, where maize (corn) and other important staples were born.

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.

To get the death benefit out of your estate and avoid this problem, consider having your spouse, significant other, or an irrevocable trust own the policy and also be the beneficiary.

The main objective of life insurance is to provide financial funds in case an insured person dies so that their family members, significant others or any other beneficiaries can maintain their living standards.

Significant other: 90 % Brother: 7 % Friend: 3 % BUT - if significant other and I die in same incident (or within 10 days, I will use «common disaster clause»), then I would like to see Brother: 90 % Friend: 10 % How would I articulate this on a benefiSignificant other: 90 % Brother: 7 % Friend: 3 % BUT - if significant other and I die in same incident (or within 10 days, I will use «common disaster clause»), then I would like to see Brother: 90 % Friend: 10 % How would I articulate this on a benefisignificant other and I die in same incident (or within 10 days, I will use «common disaster clause»), then I would like to see Brother: 90 % Friend: 10 % How would I articulate this on a beneficiary form?

You may need to put this coverage in place using your significant other or estate as beneficiary anyway.

To get the death benefit out of your estate and avoid this problem, consider having your spouse, significant other, or an irrevocable trust own the policy and also be the beneficiary.

If you're looking to get life insurance on your significant other or name them as beneficiary of your policy, Quotacy can help.

If you or your spouse are insured and die, a payout is disbursed to the beneficiary, who is generally your spouse or a secondary beneficiary, should you and your significant other die together.