An irrevocable beneficiary is a person or entity designated to receive the assets in a life insurance policy or a segregated fund contract. What is irrevocable is the beneficiary status. You can’t choose on your own to change the beneficiary or the terms of the policy, and you can’t canc...
Voluntary life insurance is an optional benefit provided by employers that provides a death benefit to a beneficiary upon the death of an insured employee. It is paid for by a monthly premium that often takes the form of a payroll deduction. ...
Spouses:A spouse is a common type of dependent on a health insurance policy. Whether married through a legal marriage or recognized domestic partnership, spouses are typically eligible for coverage under the primary insured individual’s health insurance plan. This allows both partners to benefit from...
Beneficiary Holding some office or valuable possession, in subordination to another; holding under a feudal or other superior; having a dependent and secondary possession. A feudatory or beneficiary king of England. Beneficiary Bestowed as a gratuity; as, beneficiary gifts. Beneficiary A feudatory or...
Learn about secondary beneficiaries on life insurance policies and how they can affect your finances. Find out who can be named as a secondary beneficiary and why it's important.
The allowance is normally £1,073,100 (unless you have a protected allowance), although any tax-free money you’ve already taken out will be subtracted from it. If you die once you’re 75 or older, any payment money will normally be taxed as income at your dependent or beneficiary’s...
aall bank charges outsides Italy are for beneficiary's account. 所有银行充电outsides意大利是为受益人的帐户。 [translate] amixed finite volume method are based on considering averages of solutions on the control volumes which coincide with the supports of the test functions in the M 根据怎样...
a一个平困的农民家庭 An even sleepy farmer family[translate] a上周他的车被借给你 Last week his vehicle is lent you[translate] aif you sell the cow ,you sell her milk too 如果您卖母牛,您也是卖她的牛奶[translate] aand beneficiary’s draft 并且受益人的草稿[translate] ...
A living trust is a trust fund and legal document that secures your assets for a beneficiary until a certain time, such as when you pass away, when the beneficiary reaches a certain age, or another circumstance specific to your needs. You should consider putting a living trust on your ...
is also not uncommon. However, people do not automatically have an insurable interest in everyone they are related to; a niece might not be allowed to take out life insurance on an uncle, for example, although the uncle could opt to name the niece as abeneficiaryon his life insurance ...