PRIMARY BENEFICIARY(IES Clause Examples

The Primary Beneficiary(ies) clause identifies the individual(s) or entity(ies) who are first in line to receive the benefits or proceeds under a contract, such as a life insurance policy or a trust. This clause specifies exactly who will receive the designated assets or payments upon the occurrence of a triggering event, like the policyholder's death. By clearly naming the primary beneficiary(ies), the clause ensures that the intended parties receive the benefits without ambiguity, thereby preventing disputes and streamlining the distribution process.
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PRIMARY BENEFICIARY(IES. Check box(es) and complete percentage. If you have checked Box 3, complete the additional information requested. 1. To my Spouse at time of death or, if none, the Alternate Beneficiary(ies) designated in Section B. 2. To my Children who survive me, in equal shares, or all to the one who survives me provided that, if any such child predeceases me leaving any descendants who survive me, such descendants shall receive, per stirpes, the share such deceased child would have received if surviving.
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PRIMARY BENEFICIARY(IES. You may designate anyone you wish, subject to spousal consent requirement. (check one)
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PRIMARY BENEFICIARY(IES. I hereby designate the following person as my primary Beneficiary under the Plan, reserving the right to change or revoke this designation at any time prior to my death: % % % Total=100%
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PRIMARY BENEFICIARY(IES. Check box(es) and complete percentage. If you have checked Box 3, complete the additional information requested. 1. ¨ % To my Spouse at time of death or, if none, the Alternate Beneficiary(ies) designated in Section B. 2. ¨ % To my Children who survive me, in equal shares, or all to the one who survives me provided that, if any such child predeceases me leaving any descendants who survive me, such descendants shall receive, per stirpes, the share such deceased child would have received if surviving. 3. ¨ % To my other Primary Beneficiary(ies) who survive me* in the indicated percentages: % % % % % Total 100 % 4. ¨ % To my Estate TOTAL 100 %
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PRIMARY BENEFICIARY(IES. In equal shares to those of the following beneficiary(ies) who are living or in existence at the Executive's death:
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Related to PRIMARY BENEFICIARY(IES

  • How do the RMD Rules Impact my Designated Beneficiary or Beneficiaries The RMD rules provide for the determination of your designated beneficiary or beneficiaries as of September 30 of the year following your death. Consequently, any beneficiary may be eliminated for purposes of calculating the RMD by the distribution of that beneficiary’s benefit, through a valid disclaimer between your death and the end of September following the year of your death, or by dividing your IRA account into separate accounts for each of several designated beneficiaries you may have designated.

  • Designated Beneficiary The individual who is designated as the Beneficiary under the Plan in accordance with Section 401(a)(9) of the Code and the regulations thereunder.

  • ANNUITANT The Annuitant is the person on whose life Annuity Payments are based. The Annuitant is the person designated by you subject to our underwriting rules then in effect. The Annuitant may not be changed in a Contract which is owned by a non-individual.

  • Contingent Beneficiary While the Annuitant is alive, the Owner may, by written Request, designate or change a Contingent Beneficiary from time to time. The Company shall not be bound by any change of Contingent Beneficiary unless it is made in writing and recorded at the Retirement Resource Operations Center.

  • Spouse The spouse of an eligible employee (if legally married under Minnesota law). For the purposes of health insurance coverage, if that spouse works full-time for an organization employing more than one hundred (100) people and elects to receive either credits or cash (1) in place of health insurance or health coverage or (2) in addition to a health plan with a seven hundred and fifty dollar ($750) or greater deductible through his/her employing organization, he/she is not eligible to be a covered dependent for the purposes of this Article. If both spouses work for the State or another organization participating in the State's Group Insurance Program, neither spouse may be covered as a dependent by the other, unless one spouse is not eligible for a full Employer Contribution as defined in Section 3A. Effective January 1, 2015 if both spouses work for the State or another organization participating in the State’s Group Insurance Program, a spouse may be covered as a dependent by the other.