irrevocable beneficiary
1Irrevocable Beneficiary — A beneficiary in a life insurance policy or segregated fund contract whose compensation cannot be changed without his or her consent. If a parent wanted to leave money to a child, the parent could designate that child as an irrevocable… …
2irrevocable beneficiary — neatšaukiamas naudos gavėjas statusas Aprobuotas sritis draudimo veikla apibrėžtis Naudos gavėjas, kuris negali būti vienašališkai, be paties naudos gavėjo sutikimo, draudėjo (ar draudimo sutartyje nustatytais atvejais – apdraustojo) atšauktas ir …
3irrevocable letter of credit — Assurance of funds issued by a bank that cannot be canceled or amended without the beneficiary s approval. Bloomberg Financial Dictionary * * * irrevocable letter of credit irrevocable letter of credit ➔ letter of credit * * * irrevocable letter… …
4Irrevocable Trust — A trust that can t be modified or terminated without the permission of the beneficiary. The grantor, having transferred assets into the trust, effectively removes all of his or her rights of ownership to the assets and the trust. This is the… …
5Revocable Beneficiary — The ability of a policy owner either to change who will receive the compensation from his or her policy or to terminate the policy without having to get consent from the current beneficiary. Most life insurance policies have this feature. This is …
6Absolute Beneficiary — A designation of a beneficiary that can not be changed without the written consent of that beneficiary. Also referred to as an irrevocable beneficiary , absolute beneficiaries can also refer to a trust, an employee benefit plan such as a pension …
7Contingent Beneficiary — 1. A beneficiary specified by an insurance contract holder who will receive the benefits if the primary beneficiary has died at the time the benefit is to be paid. 2. A beneficiary who is only entitled to insurance proceeds if predetermined… …
8Life insurance — The foundation of life insurance is the recognition of the value of a human life and the possibility of indemnification for the loss of that value. F. C. Oviatt, Economic place of insurance and its relation to society[1] Life insurance is a… …
9Life estate — A life estate is a concept used in common law and statutory law to designate the ownership of land for the duration of a person s life. In legal terms it is an estate in real property that ends at death. The owner of a life estate is called a… …
10neatšaukiamas naudos gavėjas — statusas Aprobuotas sritis draudimo veikla apibrėžtis Naudos gavėjas, kuris negali būti vienašališkai, be paties naudos gavėjo sutikimo, draudėjo (ar draudimo sutartyje nustatytais atvejais – apdraustojo) atšauktas ir pakeistas. atitikmenys: angl …
