Beneficiary Clause

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Dictionary Says

Definition of 'Beneficiary Clause'

A beneficiary clause is a provision in a life insurance policy or other investment vehicle such as an annuity or IRA that permits the policy owner to name individuals as primary and secondary beneficiaries. The policy owner typically may change the named beneficiaries at any time by following the specifications defined in the policy.
Investopedia Says

Investopedia explains 'Beneficiary Clause'

The term beneficiary refers to the specification of the recipient of funds or other benefits as specified in a policy or trust. The beneficiary clause defines who this is; in other words, what individual(s) will benefit from the funds or other benefits from the policy holder or benefactor.
Search results for

'Beneficiary Clause'

  • Life Insurance Clauses Determine Your Coverage

    http://www.investopedia.com/articles/pf/06/lifeinsuranceclauses.asp
    ... Much Life Insurance Should You Carry?, Buying Life Insurance: Term Versus Permanent
    and A Look At Single-Premium Life Insurance.) Beneficiary Clause The main ...

  • Life Insurance: How To Get the Most Out Of Your Policy

    http://www.investopedia.com/articles/pf/06/lifeinsurance.asp
    ... Tutorial: Insurance 101 Beneficiaries The most prominent feature of a life insurance
    policy is the beneficiary clause, which facilitates the easy transfer of ...

  • Mistakes In Designating A Retirement Beneficiary

    http://www.investopedia.com/articles/retirement/04/080404.asp
    ... This can be accomplished by attaching a customized beneficiary designation or by
    including a per stirpes clause. Beneficiary Designations and Your Will Many ...

  • Estate Planning: Other Types Of Wills | Investopedia

    http://www.investopedia.com/university/estate-planning/estate-planning4.asp
    ... 5. Other: No Contest: This clause describes how a beneficiary may be penalized
    for contesting the will. A beneficiary can contest ...

  • Getting Started On Your Estate Plan

    http://www.investopedia.com/articles/pf/05/062005.asp
    ... To avoid family disputes, you may want to add a non-contestability clause, which
    states that if any beneficiary contests the will, his or her share becomes ...

  • Intro To Insurance: Life Insurance Considerations | Investopedia

    http://www.investopedia.com/university/insurance/insurance9.asp
    ... that contract cannot be questioned under the incontestable clause, unless in ...
    Beneficiaries In the assignment of beneficiary designations, there are always two ...

  • 6 Estate Planning Must-Haves

    http://www.investopedia.com/articles/pf/07/estate_plan_checklist.asp
    ... simply a document left by you to your executor or to a beneficiary. ... 6. Guardianship
    Designations While many wills or trusts incorporate this clause, some "form ...

  • Why You Should Draft A Will

    http://www.investopedia.com/articles/pf/07/draft_will.asp
    ... because it will prevent family fights should the initial beneficiary be unable ... to
    provide for that contingency, the will may contain a clause indicating that ...

  • What To Do If Your Insurance Won't Pay

    http://www.investopedia.com/articles/pf/08/insurance-not-paying.asp
    ... (Read Life Insurance Distribution And Benefits for the basics of setting up your
    policy.) Incontestability Clause Every life insurance contract contains a ...

  • Series 66 Study Guide - Conflicts of Interest - Fiduciary Duties ...

    http://www.investopedia.com/exam-guide/series-66/conflicts-of-interest/fiduciary-duties.asp
    ... an affidavit of liability waiver - better known as an Exculpatory Clause - which
    says ... obligation is to put the client's (or the beneficiary's) needs before his ...

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