primary beneficiary definition
primary beneficiary means the individual for whose primary benefit the trust is then held.
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.
primary beneficiary means a designated beneficiary with a first right to receive any benefit or
Examples of primary beneficiary in a sentence
If elected by the Employer in Item Y(3)(g), immediate and heavy financial need shall also include expenses described in (i), (iii), and (v) (relating to medical, tuition, and funeral expenses, respectively) of a Primary Beneficiary.
More Definitions of primary beneficiary
primary beneficiary means the individual for whose primary benefit the trust is then held. For purposes of applying the term “settlor” in the first sentence of this Section 1.21, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇ shall be deemed to be the settlor of the 2012 ▇▇▇▇▇ ▇. ▇▇▇▇▇▇ Trust U/A/D June 22, 2012 (and the separate trusts that may be established thereunder) and ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ shall be deemed to be the settlor of the 2012 ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ Trust U/A/D June 22, 2012 (and the separate trusts that may be established thereunder). 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.
primary beneficiary has the meaning set forth in ASC Topic 810, Consolidation, as issued and modified from time to time by FASB.
primary beneficiary means the person(s) who will receive the Insured’s share of the Death Benefit in the event of the Insured’s death. Proceeds will be divided in equal shares if multiple beneficiaries are named, unless otherwise indicated. If percentages are listed, the total must equal 100%.
primary beneficiary. NAME: ANNUITY OPTION: Jenny ▇▇▇ Option 2 -------------------------------------------------------------------------------- FIRST PURCHASE PAYMENT............................. $10,000 MINIMUM SUBSEQUENT PURCHASE PAYMENT................ $500 ($50 under an automatic investment program) FREE WITHDRAWAL PERCENTAGE......................... 10% SEPARATE ACCOUNT................................... Variable Annuity Account A ADMINISTRATION CHARGE.............................. 0.60% Annually ACCOUNT ADMINISTRATION CHARGE...................... $30 Annually WITHDRAWAL CHARGE Age of Purchase Payment in Years................. 1 2 3 4 5 6 7 8 Withdrawal Charge................................ 7% 7% 6% 5% 4% 3% 2% 0% MORTALITY AND EXPENSE RISK CHARGE CONTRACT VALUE Less than $25,000.............................. 1.10% Annually At least $25,000 but less than $100,000........ 0.95% Annually $100,000 or more............................... 0.85% Annually ("Base Charge") AFTER ANNUITY START DATE FOR OPTIONS 1-6......... 1.25% Annually RIDERS AND RIDER CHARGES -
primary beneficiary. The person(s) designated to receive benefits under a contract upon an Owner’s death. In the event that a Primary Beneficiary predeceases the Owner, unless otherwise elected by you in a written notice received at our Customer Service Office in Good Order, any benefits due to a deceased Primary Beneficiary will be distributed equally among the surviving Primary Beneficiaries. In the event that all Primary Beneficiaries predecease the Owner, proceeds will be paid to the surviving Contingent Beneficiaries. (See Beneficiary and Contingent Beneficiary definitions).
primary beneficiary. Relationship:__________________________________________________________ Contingent Beneficiary (if the Primary is deceased):____________________________ Relationship:__________________________________________________________ Signed at ____________________, North Carolina, this ______ day of ______________, 2001. THE INSURED: /s/ Frederick Willetts, III -------------------------------- Frederick Willetts III SPLIT DOLLAR POLICY ENDORSEMENT TO COOPERATIVE BANK FOR SAVINGS SPLIT DOLLAR AGREEMENT Policy No. ZUA386793 Insured: Frederick Willetts III Su▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇ ▇mending the application for insurance to West Coast Life Insurance Company ("Insurer") on September 26, 2001, the applicant requests and directs that: BENEFICIARIES -------------
primary beneficiary means a designated beneficiary with a first right to receive any benefit or refund of accumulated contributions payable upon the death of the individual authorized by law to make the designation.