Life is ever-changing, and it’s not uncommon for circumstances and relationships to evolve over time. As such, it’s essential to review, update, and make changes to your contingent beneficiary designations in your life insurance policy as needed. Here’s a guide on how to update and chan...
However, the mean of a life in a multi-life model involving order of deaths is often found to be rather challenging to interpret by most actuaries who do not understand measure-theoretic probability. Standard textbooks on actuarial science or statistics do not elaborate on the correct ...
Twitter Google Share on Facebook contingent beneficiary Financial n. a person or entity named to receive a gift under the terms of a will, trust or insurance policy, who will only receive that gift if a certain event occurs or a certain set of circumstances happen. Examples: surviving another...
Posted on August 13, 2010 byMike Myers In 2009, the Penn Mutual Life Insurance Company sued a trust and its trustee in a Delaware federal court, alleging the life insurance policy issued to them was part of an impermissible “stranger oriented life insurance” or “STOLI” scheme. Penn Mutua...
Let us assume that in his life insurance policy, David mentioned that his spouse should receive the insurance proceeds in the event of his death. It is also mentioned that if his spouse is dead or mentally incapacitated at the time of his death, the insurance proceeds shall go to their chi...
Reimbursement: Sometimes, entities have right to reimbursement of related expenditures by the third party (e.g. from an insurance company).In this case, a right to reimbursement is recognized as a separate asset (no netting off with the provision itself), but you can net off the expenses for...
Usually receives benefits like group health insurance, paid time off, or retirement savings Employers hold back taxes on behalf of employees Hourly or day rate is often lower, though guaranteed throughout the year Works at employer-set intervals and locations Contingent worker examp...
Since previous studies have just limited on analysing people's perception on disaster (i.e. flood risk) as a consequence of climate change with their willingness to pay for the flood insurance (Botzen and van den Bergh, 2012), this study tries to explore the relationship between respondents'...
Large-scale promotions lead to a huge number of orders, and the quantity of deliveries grows sharply, which puts considerable strain on cities’ logistics and imposes high related shipping costs. To alleviate these consequences, in this paper we provide a new contingent free shipping policy with ...
2014. The Chinese Cornerstone of Modern Banking: The Canton Guaranty System and the Origins of Bank Deposit Insurance 1780–1933. Leiden: Brill Nijhoff. [Google Scholar] Guo, Feng. 2015. An Analysis of the Compilation and Writing of the Book of Common Prayer in the Chung Hua Sheng Kung Hui...