Common use of Payable-on-Death Beneficiaries Clause in Contracts

Payable-on-Death Beneficiaries. A POD designation is an instruction to the Credit Union that a designated account is payable to the owner or owners during their lifetimes, and upon the death of the last joint account owner, payable to any named and surviving POD beneficiary designated by you. Accounts payable to more than one POD beneficiary are owned jointly by such beneficiaries with rights of survivorship. Any POD beneficiary designation shall not apply to IRA, and Xxxxxxxxx Education Savings, which shall be governed by a separate beneficiary designation. The Credit Union shall at no time have any obligation to notify any beneficiary of the existence of any account or the vesting of the beneficiary’s interest in any account, except as otherwise provided by law.

Payable-on-Death Beneficiaries. A POD designation is an instruction to the Credit Union that a designated account is an account payable to the owner or owners during their lifetimes, and upon the death of the last joint account owner, payable to any named and surviving POD beneficiary designated by youon the Signature Card. Accounts payable to more than one POD beneficiary are owned jointly by such beneficiaries with rights right of survivorship. Any A POD beneficiary designation shall not apply to IRA, and Xxxxxxxxx Education SavingsIndividual Retirement Account (“XXX”) accounts, which shall be governed by a separate beneficiary designation. The Credit Union shall at no time have any obligation to notify any beneficiary of the existence of any account or the vesting of the beneficiary’s interest in any account, except as otherwise provided required by law.

Payable-on-Death Beneficiaries. A POD designation is an instruction to the Credit Union that a designated account is payable to the owner or owners during their lifetimes, and upon the death of the last joint account owner, payable to any named and surviving POD beneficiary designated by you. Accounts payable to more than one POD beneficiary are owned jointly by such beneficiaries with rights of survivorship. Any POD beneficiary designation shall not apply to IRAXXX, and Xxxxxxxxx Education Savings, which shall be governed by a separate beneficiary designation. The Credit Union shall at no time have any obligation to notify any beneficiary of the existence of any account or the vesting of the beneficiary’s interest in any account, except as otherwise provided by law.

Payable-on-Death Beneficiaries. A POD designation is an instruction to the Credit Union that a designated account is an account payable to the owner or owners during their lifetimes, and upon the death of the last joint account owner, payable to any named and surviving POD beneficiary designated by youon the Signature Card. Accounts payable to more than one POD beneficiary are owned jointly by such beneficiaries with rights right of survivorship. Any A POD beneficiary designation shall not apply to Individual Retirement Account ("IRA, and Xxxxxxxxx Education Savings") accounts, which shall be governed by a separate beneficiary designation. The Credit Union shall at no time have any obligation to notify any beneficiary of the existence of any account or the vesting of the beneficiary’s interest in any account, except as otherwise provided required by law.