Beneficiary clause is a provision in a life insurance policy or other investment vehicle such as an annuity or Individual retirement account, IRA, that permits the policy owner to name individuals as primary and secondary beneficiaries.
Definition of beneficiary clause: Clause that allows the insured to designate anyone as a beneficiary, and to change this designation at any time.
The Owner Trustee is a third-party beneficiary to this Agreement and is entitled to the rights and benefits hereunder and may enforce the provisions hereof as if it were a party hereto. The Owner Trustee and the Delaware Trustee and other indemnitees hereunder are third-party
A beneficiary clause is a clause in an insurance contract that gives the policyholder the ability to name their own primary and secondary beneficiaries and to
A third party beneficiary clause determines if a non-contractual party has any rights to enforce the contract's terms. Sometimes, beneficiaries are named, and other times, they receive rewards by chance.
Definition of Beneficiary Clause in the Financial Dictionary - by Free online English dictionary and encyclopedia. What is Beneficiary Clause? Meaning of
Definition of BENEFICIARY CLAUSE: A rule that lets the insured make anyone they want the beneficiary. This can be changed at any.
Do you know that a beneficiary clause can help save money on your estate? Often clients need to lower their potential taxable estate and there are many ways to
Wording in a life insurance policy that states if there is not a specific beneficiary named, that the insurance company will pay the proceeds according to a list of
beneficiary" clause, which gives to the insured, holding a polic of insurance payable to a named beneficiary, the right to chan the beneficiary at any time without the necessity of obtaining consent of the beneficiary.