Common use of Beneficiaries Naming Successor Beneficiaries Clause in Contracts

Beneficiaries Naming Successor Beneficiaries. Our policy may allow your beneficiaries to name their own successor beneficiaries to your SIMPLE IRA. A successor beneficiary would receive any of your SIMPLE IRA assets that remain after your death and the subsequent death of your beneficiaries. This distribution would be in accordance with Article IV.3 of the Agreement, and generally would not allow a successor beneficiary to calculate RMDs based on his/her own life expectancy.

Beneficiaries Naming Successor Beneficiaries. Our policy may allow your beneficiaries to name their own successor beneficiaries to your SIMPLE IRA. A successor beneficiary would receive any of your SIMPLE IRA assets that remain after your death and the subsequent death of your beneficiaries. This distribution would be in accordance with Article IV.3 of the Agreementagreement, and generally would not allow a successor beneficiary to calculate RMDs based on his/her own life expectancy.

Beneficiaries Naming Successor Beneficiaries. Our policy may allow your beneficiaries to name their own successor beneficiaries to your SIMPLE IRA. A successor beneficiary would receive any of your SIMPLE IRA assets that remain after your death and the subsequent death of your beneficiaries. This distribution would be in accordance with Article IV.3 of the Agreementagreement, and generally would not allow a successor beneficiary to calculate RMDs based on his/her own life expectancy.

Beneficiaries Naming Successor Beneficiaries. Our policy may allow your beneficiaries to name their own successor beneficiaries to your SIMPLE IRA. A successor beneficiary would receive any of your SIMPLE IRA assets that remain after your death and the subsequent death of your beneficiaries. This distribution would be in accordance with Article IV.3 of the Agreement, and generally would not allow a successor beneficiary to calculate RMDs generally based on his/her own life expectancy.