designation of beneficiary
1designation of beneficiary — The naming by the insured under a life insurance policy of a third person as the one to receive the proceeds of the insurance upon the death of the insured. The clause in a life insurance policy wherein the person to receive the proceeds upon… …
2designation — I (naming) noun appellation, appointment, approval, assigning, assignment, authorization, calling, categorization, choosing, commissioning, delegating, delegation, denomination, denotation, deputation, description, designatio, fixing,… …
3Absolute 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 …
4payable-on-death designation — A way to avoid probate for bank accounts, government bonds, securities, individual retirement accounts, and, in some states, real estate or cars. To create a pay on death designation, you simply name someone on the ownership document (such as the …
5Immediate Beneficiary — A beneficiary designation most commonly used in charitable gift planning to describe which parties get an immediate benefit from a transaction. The most basic type of immediate beneficiary would be a charity that receives an outright gift from a… …
6wife — A married woman. The spouse of a man. A woman who has a husband living. Names v State, 20 Ind App 168, 50 NE 401. i As the word is used in designating a beneficiary in a will, it is descriptive of the person of a particular individual, and unless …
7friend — An acquaintance for whom one has at least some degree of fondness. An alien enemy residing in this country but not adhering to the enemy. 3 Am J2d Aliens § 173. Insufficient as a designation of beneficiary of a trust. 54 Am J1st Trusts § 140. See …
8legal representative — In primary meaning, an executor or administrator; in secondary meaning, one who succeeds to the rights of another, such as an heir, next of kin, devisee or legatee, assignee, trustee, receiver, etc. 12 Am J2d Bonds § 24; 23 Am J2d Desc & D § 44;… …
9Caribbean Basin Trade and Partnership Act — The Caribbean Basin Trade Partnership Act (CBTPA) is a law adopted by the U.S. Government in October 2000 to delineate enhanced trade preferences and eligibility requirements for the 24 beneficiary countries of the Caribbean Basin region.On… …
10Life 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… …
