Beneficiary class definition

Beneficiary class or “beneficiary classes” means the class consisting of persons and families of low income and the class consisting of persons and families of moderate to low income.
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Beneficiary class means a class of persons made up of the Beneficiaries.
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Examples of Beneficiary class in a sentence

  • If you designate more than one Beneficiary, any Death Benefit Proceeds payable will be paid in equal shares to the survivors in the appropriate Beneficiary class, unless you submit a Request otherwise.

  • Unless the consent of the spouse expressly permits designations by the Member without a requirement of further consent by the spouse, the spouse's consent must be limited to the Beneficiary, class of Beneficiaries, or contingent Beneficiary named in the election.

  • If you do, the proceeds will be paid in equal shares to the survivors in the appropriate Beneficiary class who survive both Insureds, unless you have requested otherwise.

  • If you do, the proceeds will be paid in equal shares to the survivors in the appropriate Beneficiary class, unless you have requested otherwise.

  • If you do, the proceeds will be paid in equal shares to the survivors in the appropriate Beneficiary class who survive the last Insured, unless you have requested otherwise.

  • Unless the consent of the spouse expressly permits designations by the Member without a requirement of further consent by the spouse, the spouse’s consent must be limited to the Beneficiary, class of Beneficiaries, or contingent Beneficiary named in the election.

  • If you do, the proceeds will be paid in equal shares to the survivors in the appropriate Beneficiary class who survive the second Insured to die, unless you have requested otherwise.

  • Unless the consent of the spouse expressly permits designations by the Participant without a requirement of further consent by the spouse, the spouse's consent must be limited to the Beneficiary, class of Beneficiaries, or contingent Beneficiary named in the election.

Related to Beneficiary class

  • Beneficiary Designation Form means the form established from time to time by the Plan Administrator that the Executive completes, signs, and returns to the Plan Administrator to designate one or more Beneficiaries.

  • Beneficiary designation means the naming in a governing instrument of a beneficiary of an insurance or annuity policy, of an account with POD designation, of a security registered in beneficiary form (TOD), of a pension, profit-sharing, retirement, or similar benefit plan, or of another nonprobate transfer at death.

  • Refund beneficiary means an individual nominated by a qualified participant or a former qualified participant under section 66 to receive a distribution of the participant's accumulated balance in the manner prescribed in section 67.