Nomination of Beneficiaries. You may nominate one or more parties to receive any benefits that may be payable on the death of the last surviving Life Assured, subject to the acceptance of the Administrator. It is important to keep your beneficiary nomination up to date as benefits will be paid to the last beneficiaries on record prior to the death of the last surviving Life Assured.
Nomination of Beneficiaries. You may nominate one or more natural persons and/or legal entities (primary or secondary) to receive any benefits that may be payable on your death, subject to the acceptance of the Administrator. It is important to keep your Beneficiary nomination up to date as benefits will be paid to the last Beneficiaries on record prior to your death. The primary beneficiary is the person that is first in line to receive the proceeds in the event of the death of the Investor. A secondary beneficiary is the alternative choice to receive the proceeds if the primary beneficiary is deceased, (cannot be located of refuses the inheritance at the time the proceeds are to be paid).
