Alternate beneficiary definition

Alternate beneficiary means an estate or an individual not designated as a beneficiary but that
Sample 1Sample 2Sample 3
Alternate beneficiary means an estate or an individual not designated as a beneficiary but that becomes a beneficiary pursuant to 19-20-1005.
Sample 1Sample 2Sample 3
Alternate beneficiary means an estate or an individual not designated as a beneficiary but that becomes a beneficiary pursuant to [section 14].
Sample 1

Examples of Alternate beneficiary in a sentence

  • Alternate beneficiary account for a payment made from the old account servicer to the new account servicer in the case of a positive closing balance of the old bank.

  • Presence: [0..1]Definition: Alternate beneficiary account for a payment made from the old account servicer to the new account servicer in the case of a positive closing balance of the old bank.

Related to Alternate beneficiary

  • Income beneficiary means a person to whom net income of a trust is or may be payable.

  • Beneficiary means each designated person, or the estate of the deceased Executive, entitled to benefits, if any, upon the death of the Executive, determined according to Article 4.

  • Qualified beneficiary means a beneficiary who, on the date the beneficiary's qualification is determined:

  • primary beneficiary means the individual for whose primary benefit the trust is then held.

  • land reform beneficiary , in relation to a property, means a person who -

  • Contingent Beneficiary is the person that becomes the Beneficiary if the named Beneficiary dies prior to the Income Date.

  • Refund beneficiary means an individual nominated by a qualified participant or a former qualified participant under section 66 to receive a distribution of the participant's accumulated balance in the manner prescribed in section 67.

  • Surviving Spouse means the widow or widower, as the case may be, of a Deceased Participant or a Deceased Beneficiary (as applicable).

  • Spouse means, an individual who,

  • Designated Beneficiary means the beneficiary or beneficiaries the Participant designates, in a manner the Administrator determines, to receive amounts due or exercise the Participant’s rights if the Participant dies or becomes incapacitated. Without a Participant’s effective designation, “Designated Beneficiary” will mean the Participant’s estate.

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.

  • Eligible beneficiary means a resident of this state who:

  • Joint Annuitant means the individual specified as such in the Data Pages. The Joint Annuitant must be the spouse of the Annuitant on the Contract Date.

  • Beneficiary designation means the naming in a governing instrument of a beneficiary of an insurance or annuity policy, of an account with POD designation, of a security registered in beneficiary form (TOD), of a pension, profit-sharing, retirement, or similar benefit plan, or of another nonprobate transfer at death.