Alternate beneficiary definition

Alternate beneficiary means an estate or an individual not designated as a beneficiary but that
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Alternate beneficiary means an estate or an individual not designated as a beneficiary but that becomes a beneficiary pursuant to 19-20-1005.
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Alternate beneficiary means an estate or an individual not designated as a beneficiary but that becomes a beneficiary pursuant to [section 14].
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Examples of Alternate beneficiary in a sentence

  • Your Alternate Beneficiary InformationThe alternate beneficiary is the person or persons who would receive these benefits from SBCERA if you had no living primary beneficiaries at the time ofyour death.The numbers you write in the percentage boxes must add up to exactly 100%.For example, if you namethree Alternate beneficiaries with 33% for your first and 33% for your second, your third Alternate beneficiary must be 34%, creating a total of 100%.It is important to name an alternate beneficiary.

  • 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.

  • Alternate beneficiary benefits terminate at the earlier of 10-years, or alternate beneficiary death, or alternate beneficiary marriage.

Related to Alternate beneficiary

  • Alternate Payee means any spouse, former spouse, child, or other dependent of a Participant who is recognized by a qualified domestic relations order as having a right to receive all, or a portion of, the benefits payable under a Plan with respect to such Participant.

  • 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. For purposes of Section 8.3, a Qualified Entity is a member of each Family Group to which such one or more Qualified Trusts that are its equity holders belong.

  • 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.

  • Qualified Beneficiaries has the meaning set forth in Section 4.12.

  • 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.

  • Remainder beneficiary means a person entitled to receive principal when an income interest ends.

  • Beneficiary(ies means the beneficiary(ies) designated by the Participant who are entitled to receive any distributions from the Plan payable upon the death of the Participant.

  • Financial Beneficiary means any Principal of the Developer or Applicant entity who receives or will receive any direct or indirect financial benefit from a Development, except as further described in Rule 67-21.0025, F.A.C.

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

  • Initial Beneficiary means ALF LLC, as initial beneficiary under the Titling Trust Agreement and its permitted successors and assigns.

  • 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.

  • Disability benefit recipient means a member who is receiving a disability benefit.

  • 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:

  • Representative payee means an individual, agency, or institution selected by a court or the Social Security Administration to receive and manage benefits on behalf of another person.

  • 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.

  • QDRO means a qualified domestic relations order as defined in Section 414(p) of the Code or Title I, Section 206(d)(3) of ERISA (to the same extent as if this Plan were subject thereto), or the applicable rules thereunder.

  • Beneficiary Designation Form means the form established from time to time by the Plan Administrator that the Executive completes, signs, and returns to the Plan Administrator to designate one or more Beneficiaries.

  • Retired Participant means a person who has been a Participant, but who has become entitled to retirement benefits under the Plan.

  • 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.

  • Surviving beneficiary or "surviving descendant" means a beneficiary or a descendant who did not predecease the decedent and is not considered to have predeceased the decedent under section 2702.