Life beneficiary definition

Life beneficiary means a beneficiary who is a current permissible or mandatory recipient of income or principal from the trust, or, if more than one (1), the beneficiary or beneficiaries of the oldest generation;
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Examples of Life beneficiary in a sentence

  • When an eligible beneficiary, other than a TRICARE for Life beneficiary, receives covered services from an authorized TRICARE non- network provider, including in areas where a preferred provider network has not been established by the Director, the beneficiary shall be subject to cost-sharing amounts applicable to out-of-network care.

  • HR Representative should schedule an orientation meeting or group presentation with all new employees to distribute the Benefit Eligibility Acknowledgment Form (employees complete/sign form, keep a copy for themselves, and return signed original to HR Rep for personnel file), the Basic Life beneficiary form (employees complete/sign form, keep a copy for themselves, and return to HR Rep for personnel file.

  • When an eligible beneficiary, other than a TRICARE for Life beneficiary, receives covered services from an authorized TRICARE non-network provider, including in areas where a preferred provider network has not been established by the Director, the beneficiary shall be subject to cost-sharing amounts applicable to out-of-network care.

  • This entire facility is leased to tenants and by contract the County is responsible for adequate maintenance and operation of the HVAC system.

  • You can designate any person(s), legal entity(ies), your trust or your estate as your Single Life beneficiary.

  • However, economic analysis of cloud bro- kering was not given sufficient attention in this literature, especially from the point of view of uncertainties and risks present both from demand and supply sides of cloud ecosystem.

  • Each employee designates their Basic Life beneficiary as part of their initial or open enrollment.

  • Should there be no completed and signed Fedgroup Life beneficiary nomination form then Fedgroup Life will pay the Group Risk Cover to the policyholder or as instructed by the policyholder.

  • To change a Basic Life beneficiary designation an employee is required to complete a Beneficiary Designation Form.

  • The July 2015 Designation did not modify Decedent's Basic Life beneficiary.

Related to Life 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. 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.

  • 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.

  • 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.

  • Former Spouse means the individual who is considered by Applicable Laws to be the Annuitant’s former spouse or common-law partner;

  • Beneficiary(ies means the individual or individuals designated in the Application by the Subscriber(s) to whom, or on whose behalf, Educational Assistance Payments are agreed to be paid, provided such individual qualifies under the Applicable Legislation and the Plan at the time such payments are made;

  • Spouse means, an individual who,

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

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

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

  • 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.

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

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

  • 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.

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

  • Eligible beneficiary means a resident of this state who:

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

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

  • 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.

  • Pre-Retirement Survivor Benefit means the benefit set forth in Article 6.

  • 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.

  • de facto spouse means a person of the opposite sex to the employee who lives with the employee as the husband or wife of the employee on a bona fide domestic basis, although not legally married to that person.

  • 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.

  • Life Insured means the person named in the Schedule, on whose life the Policy is effected;