Multiple Beneficiaries. A Participant may designate two or more Beneficiaries to receive separate percentage interests in the death benefits payable from this Custodial Account. Each such Beneficiary may separately exercise the rights that a Beneficiary has under this Custodial Agreement with respect to the Beneficiary’s interest in the Account.
Multiple Beneficiaries. No contingent Beneficiary shall receive any benefit under the Plan if the Participant is survived by at least one primary Beneficiary. If one, but fewer than all of the primary Beneficiaries designated by the Participant survive the Participant, the percentage interest that otherwise would have been payable to the primary Beneficiary or Beneficiaries who predeceased the Participant shall be divided among the primary Beneficiaries who survive the Participant in the ratio determined by comparing the percentages specified by the Participant for those beneficiaries and adjusting the percentages accordingly. For example, if the Participant indicated percentages of 20% for Beneficiary A, 30% for Beneficiary B and 50% for Beneficiary C. If Beneficiary C predeceased the Participant, Beneficiaries A and B would share Beneficiary C’s 50% interest in a 2:3 ratio. Beneficiary A’s interest would increase to 40% and Beneficiary B’s interest would increase to 60%. The foregoing ratio principle shall be used to determine each such surviving contingent Beneficiary’s interest if one or more of such contingent Beneficiaries predeceases the Participant.
Multiple Beneficiaries. If you wish to have more than one primary or secondary beneficiary, the requirements are as follows:
Multiple Beneficiaries. If there are multiple Beneficiaries, each Beneficiary will receive their proportional share of the death benefit amount as of the date We receive an election from each Beneficiary on how their portion of the death benefit is to be paid.
Multiple Beneficiaries. If there are two or more Beneficiaries who are simultaneously entitled to receive a benefit upon the death of the Participant or a prior Beneficiary, that benefit shall be segregated into separate accounts representing each Beneficiary’s separate interest in that benefit. Following such segregation of benefits, each Beneficiary’s separate account shall be maintained as though it were a benefit payable solely to that Beneficiary, and no Beneficiary shall have any interest in or claim to any portion of the original benefit other than the separate account representing his or her interest in that benefit.
Multiple Beneficiaries. When there is more than one Beneficiary, we will calculate and pay the death benefit for a Beneficiary’s portion of the proceeds when we receive Due Proof of Death in Good Order at our Customer Service Office and settlement instructions from that Beneficiary. The amount payable for those Beneficiaries on whom we do not have settlement instructions will fluctuate with the performance of the Allocation Options until we receive instructions from those Beneficiaries. This means each Beneficiary may receive a different death benefit amount, even where all Beneficiaries have been designated as to share equally in the proceeds.
Multiple Beneficiaries. If there is more than one Beneficiary, we will treat each Beneficiary separately with respect to his/her portion. However, only one Annuity Payment Option may be selected. MANDATORY DISTRIBUTION RULES APPLICABLE ON ANY OWNER'S DEATH AFTER THE ANNUITY COMMENCEMENT DATE If an Owner dies on or after the Annuity Commencement Date, we will continue to distribute remaining benefits to the Beneficiary under the current Annuity Payment Option. The remaining value must be distributed at least as rapidly as under the method of distribution being used as of the Owner's death.
Multiple Beneficiaries. If you name more than one beneficiary, each beneficiary will share the death benefit equally, unless you specify otherwise on the application or by providing us notice.
Multiple Beneficiaries. If you designate more than one beneficiary on your account (or IRA or Certificate of Deposit), upon the death of the final owner, each surviving beneficiary will be entitled to his or her (or its) equal share of the funds in the account by dividing the amount of the funds by the number of surviving beneficiaries designated and will own those funds without right of survivorship. If a beneficiary dies before you, it is your responsibility to notify us and make any changes.
Multiple Beneficiaries. If multiple beneficiaries are affected by a single event or related set of events, then a single reportable breach may be deemed to have occurred, depending on the circumstances. The Business Associate shall inform the DHA Privacy Office as soon as possible if it believes that “single event” breach response is appropriate. The DHA Privacy Office will determine how the Business Associate shall proceed and, if appropriate, consolidate separately reported breaches for purposes of Business Associate report updates, beneficiary notification, and mitigation.
