Sentences with phrase «simply name a beneficiary»

Obviously, the best solution is to simply name a beneficiary.

Not exact matches

Simply contact the financial institution managing your retirement plan and sign a declaration (known as a «beneficiary form») naming Amnesty International Canadian Section (English Speaking) as the beneficiary of the plan.

However, you do not have to put your beneficiary's name on your designation form: simply stating «all my surviving children,» for example, is an acceptable beneficiary designation.

Instead of simply saying you want «my children» to be the beneficiaries, list their names, Social Security numbers and addresses.

Anyone can establish an account for a child simply by making a donation, naming a minor as account beneficiary, and appointing a custodian.

Most spouses who inherit an IRA simply roll it into their own IRA or start a new account in their name and name a beneficiary of their own.

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.

In almost all cases, when an annuity owner (s) dies, the balance of the account simply passes to a named beneficiary.

If the spouse is the sole beneficiary, the inherited IRA can simply be redesignated in the surviving spouse's name (if allowed by the account trustee).

Simply name Delta Animal Shelter, Inc. (Tax ID 45-2725668) as the beneficiary of the account.

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.

Simply put, the objective behind naming a beneficiary is to ensure that your assets will go where you want them to when you die.

In other words, you may want to designate a guardian for your children and a guardian for their property, which isn't something you can do by simply naming a contingent beneficiary on your life insurance policy.

Instead of simply saying you want «my children» to be the beneficiaries, list their names, Social Security numbers and addresses.

Simply stated, you pay money to an annuity issuer, and the issuer pays out the principal and earnings back to you or to a named beneficiary.

A contingent beneficiary, also referred to as a secondary beneficiary, is simply the person named in your policy that will receive your life insurance death benefit should your primary beneficiary pass away before, or at the same time as you.

Beneficiary Clause — This simply allows the policyowner to name the recipients of the death benefit.

In our last example, our donor wants to keep control of their policy, so they retain ownership of the policy, and simply name their charity as beneficiary.

So if you named your spouse as primary beneficiary, had not named any contingent beneficiaries, and you both pass away at the same time, then the insurance company won't be able to pay your spouse — and at that point they will simply pay the death benefit to the estate.

Simply name the organization of your choice as the beneficiary of the policy and pay your premiums on time.