primary beneficiary means the individual for whose primary benefit the trust is then held. For purposes of Section 8.3, a Qualified Entity is a member of each Family Group to which such one or more Qualified Trusts that are its equity holders belong.
primary beneficiary means a designated beneficiary with a first right to receive any benefit or
More Definitions of primary beneficiary
primary beneficiary. NAME: FIXED ACCOUNT: Xxxxx Xxx The Fixed Account [is][is not] available under this Contract. ANNUITY OPTION: Option 2 FIRST PURCHASE PAYMENT.................................... [$10,000] MINIMUM SUBSEQUENT PURCHASE PAYMENT....................... [$1,000] FREE WITHDRAWAL PERCENTAGE................................ [10%] GUARANTEED RATE........................................... [1-3%] SEPARATE ACCOUNT.......................................... Variable Annuity Account XVII ADMINISTRATION CHARGE..................................... 0.55% Annually WITHDRAWAL CHARGE Contract Year of Withdrawal.......................... 1 2 3 4 5 6+ Withdrawal Charge.................................... 7% 7% 7% 6% 5% 0% MORTALITY AND EXPENSE RISK CHARGE......................... 1.15% Annually AFTER ANNUITY START DATE FOR OPTIONS 1-4, 7 & 8 1.25% Annually RIDER CHARGES - None Selected; or [Credit Enhancement Endorsement at [0.50-2.0%] No Charge] [Any Rider(s) selected by the Applicant will print on this Contract Data Page.] BASIS OF ANNUITY TABLES................................... 1983 (a) Mortality Table with mortality improvement under Projection Scale G ASSUMED INTEREST RATE..................................... 3.5% annually SUBACCOUNTS:
primary beneficiary. The person(s) designated to receive benefits under a contract upon an Owner’s death. In the event that a Primary Beneficiary predeceases the Owner, unless otherwise elected by you in a written notice received at our Customer Service Office in Good Order, any benefits due to a deceased Primary Beneficiary will be distributed equally among the surviving Primary Beneficiaries. In the event that all Primary Beneficiaries predecease the Owner, proceeds will be paid to the surviving Contingent Beneficiaries. (See Beneficiary and Contingent Beneficiary definitions).
primary beneficiary means the individual for whose primary benefit the trust is then held. For purposes of applying the term “settlor” in the first sentence of this Section 1.21, Xxxxx X. Xxxxxx shall be deemed to be the settlor of the 2012 Xxxxx X. Xxxxxx Trust U/A/D June 22, 2012 (and the separate trusts that may be established thereunder) and Xxxxx X. Xxxxxxxx shall be deemed to be the settlor of the 2012 Xxxxx X. Xxxxxxxx Trust U/A/D June 22, 2012 (and the separate trusts that may be established thereunder). For purposes of Section 8.3, a Qualified Entity is a member of each Family Group to which such one or more Qualified Trusts that are its equity holders belong.
primary beneficiary has the meaning set forth in ASC Topic 810, Consolidation, as issued and modified from time to time by FASB.
primary beneficiary refers to a person so designated on the Beneficiary Designation form who becomes entitled to receive the Account Proceeds as a result of the death of the Account Holder.
primary beneficiary means the "individual" as defined in paragraph (B)(3) of this rule.
primary beneficiary. Relationship:__________________________________________________________ Contingent Beneficiary (if the Primary is deceased):____________________________ Relationship: _________________________________________________________ Signed at ____________________, North Carolina, this _______ day of ______________, 2002. THE INSURED: /s/ Richard Allen Rippy ------------------------------ Richard Allen Rippy SPLIT DOLLAR POLICY ENDORSEMENT TO COOPERATIVE BANK FOR SAVINGS SPLIT DOLLAR AGREEMENT Policy No. ZUA3866786 Insured: Richard Allen Rippy Supplxxxxxxxx xxx xxxxxing the application for insurance to West Coast Life Insurance Company ("Insurer") on September 20, 2001, the applicant requests and directs that: BENEFICIARIES -------------