primary beneficiary in English

(Insurance) first person eligible to receive the insurance payments to be paid by a policy; first person to benefit from inheritance or trust fund money

Use "primary beneficiary" in a sentence

Below are sample sentences containing the word "primary beneficiary" from the English Dictionary. We can refer to these sentence patterns for sentences in case of finding sample sentences with the word "primary beneficiary", or refer to the context using the word "primary beneficiary" in the English Dictionary.

1. Who is the primary beneficiary?

2. Most importantly, the primary Beneficiary is the “first

3. Primary Beneficiary: The primary Beneficiary is the person (or persons) who will receive the proceeds of the life insurance policy when the insured person dies

4. Contingent beneficiaries receive your assets if there is no living primary Beneficiary

5. The Contingent beneficiary is behind that person and can only move forward if the primary beneficiary steps aside

6. Industry is the primary beneficiary of the activities related to the issuance of certificates and establishment of master files.

7. The primary Beneficiary is the person or entity who has the first claim to inherit your assets after your death

8. However, the primary Beneficiary will not receive any proceeds if he or she dies before the death of the named insured

9. A Contingent beneficiary is a beneficiary of proceeds or a payout if the primary beneficiary is deceased or unable to be located

10. For example, you could designate a primary beneficiary to receive 50 percent of the funds and two secondary Beneficiaries who receive 25 percent each

11. The advantage to your spouse if they are named as your primary Beneficiary is flexibility upon your death in how they treat the IRA.

12. When selecting a primary Beneficiary, you can name a person or persons or even a revocable trust (or living trust) or other legal entity

13. A primary Beneficiary is a designated individual, chosen by the policyholder, who would receive the proceeds of the policy if he or she were to die

14. Apocalypse tanks are the primary beneficiary of Grinder Treads because in secondary mode, the Apocalypse Tank gains health from "Grinding" its target using its Magnetic Harpoon.

15. For instance, you could designate your wife as your primary beneficiary for the entire account, then select two close relatives to split the account as contingent Beneficiaries.

16. Your contingent, or secondary, Beneficiary is the person (or people) who will receive benefits if your primary Beneficiary isn’t alive when you die, or declines to accept the benefits.

17. It was recorded that the Abu Sayyaf group was a primary beneficiary of the said funds, using them to facilitate their training in guerilla warfare techniques and to acquire high powered weaponry.

18. A contingent beneficiary is someone or something that receives a bequest of a beneficiary-named financial account if the primary beneficiary can't or won't do so. Contingent Beneficiaries effectively wait in the wings