Common use of Individual/Successor Beneficiary Benefit Clause in Contracts

Individual/Successor Beneficiary Benefit. This Beneficiary IRA must be for the exclusive benefit of you, and upon your death, your successor beneficiaries. The Beneficiary IRA must be established in your name and not in the name of your beneficiary, living trust, or another party or entity.

Individual/Successor Beneficiary Benefit. This Xxxx Beneficiary IRA must be for the exclusive benefit of you, and upon your death, your successor beneficiaries. The Beneficiary IRA must be established in your name and not in the name of your beneficiary, living trust, or another party or entity.