0
Depending on the jurisdiction, if we're talking wills, it most likely means the share of an estate going to each beneficiary in a class of beneficiaries.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
What does irrevocable beneficiary mean?
It means that if you want to change the beneficiary, the beneficiary themselves must sign off on it.
What does annuitized mean?
It is the beneficiary of an annuity.
When talking in life insurance what does contengent mean?
In regards to life insurance, contingent usually means secondary. For example a contingent beneficiary is a secondary beneficiary, not the primary beneficiary. The contingent beneficiary would receive the proceeds from a life insurance policy if the primary beneficiary were not alive when the insured person dies.
What does it mean when the beneficiary of a life insurance policy is the employer but there's a surviving spouse who is not listed as a beneficiary?
Generally, the proceeds will be paid to the named beneficiary. However, the survivor should discuss the situation with an attorney.
What is farmer beneficiary mean or who is the farmer benificiary?
farmer's lung
What does beneficiary name mean?
It means that the land of chicken is on fire
What do they mean by Select the beneficiary horse?
to select thing mean put it order or to save it
What does fat allocation mean?
FAT Allocation is called File Allocation Table, it is a way that most USB sticks are formatted. It is used so you can share files with other computers, without a formatted device, it would not function.
What does work allocation mean in account receivable?
money set aside for your use.
My husband is a rider on my life insurance policy if he dies before me what do I do?
I don't understand what you mean by ''he is a rider'', do you mean he is the named beneficiary? If so and he dies prior to you, you need to name another beneficiary, or perhaps you already have a 'second' or contingent beneficiary, in that case the money would be paid to this contengient if the primary beneficary is deceased.
What does beneficiary mean for health insurance?
Some health insurance plans offer a AD&D Life Insurance Policy. That is why you would name a beneficiary for a health insurance company.
What does resource allocation mean?
'Resource Allocation' is a management terminology phrase for the scheduling of activities and resources needed to complete them whilst taking into consideration both the time needed to complete and effort it will take.
