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Can you leave 50 percent to the primary beneficiary and 50 percent to the contigent beneficiary?
Wiki User
∙ 14y ago
Yes. But you are using the wrong terms. You can leave 50% to each of two beneficiaries. The second will no longer be called the "contingent" beneficiary.
Wiki User
∙ 14y ago
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Does a secondary beneficiary only receive funds from a life insurance policy if the primary beneficiary has already passed?
Yes. A secondary beneficiary only becomes beneficiary if the primary beneficiary dies before the insured. Say the insured and primary beneficiary are involved in a fatal auto accident but the insured dies an hour before the primary beneficiary. The insurance proceeds would not go to the secondary beneficiary but to the estate of the primary beneficiary. If the primary beneficiary dies an hour before the insured then the secondary beneficiary receives the proceeds. If an insured wants both to receive monies they can name more than one person as primary beneficiary and in what percentage for each person. They could also leave it to their estate and handle distribution by a will.
If you are a beneficiary on life insurance who lets you know?
Once an insurance company (insurer) receives a valid proof of loss (claim form), the insurer will begin the process of contacting beneficiaries of any life insurance. The insurer will first contact the primary beneficiary. If unable to locate the primary beneficiary, or if the primary beneficiary is dead, the insurer will then move to the contingent beneficiary (second beneficiary). If the insurer has no response to the contingent beneficiary, the insurer then moves to the tertiary beneficiary (third beneficiary). Failure here will force the insurer to pay any life proceeds to the estate of the decedent, which can open the claim to the creditors of the decedent in most states. More than 40% of life insurance policies in America have no named beneficiary! Failure to name the beneficiary can leave your loved ones in a bind. Always name your beneficiaries. List one or more in each category (primary, contingent, tertiary) too. Most people name their spouse first, children as contingent, and parents or siblings as tertiary.
Can you leave music rights to a beneficiary in a will?
Generally yes.
Can a beneficiary change a will to leave out a future inheritant after the death of the person who wrote the will?
No.
How do you turn 12.5 percent into a percent?
Leave it as it is.
Can you will someone your home if it is not paid for?
Yes. You can leave your property to a beneficiary. However, the beneficiary must pay off the mortgage or the lender will take possession of the property by foreclosure. When you grant a mortgage you are granting the lender an interest in your property. Your beneficiary would take the property subject to the bank's interest.
What percent of teachers leave homework that need internet?
About 99 percent
What is 9.5 percent percent of 5.99?
0.56905 - I'll leave you to do the working out !
Who benefits from a will when one of the beneficiaries die does it go to the children?
If the named beneficiary was alive when the person leaving them something in a will died, then yes it would go to the heirs the named beneficiary. However if the named beneficiary died before the person leaving them something in a will died, then no the named beneficiaries heirs would get nothing. You can not leave a dead person an inheritance.
Is it better to close out a small IRA and pay bills with it than leave it to beneficiary?
The estate is going to have to resolve debts. It is likely to have to be liquidated anyway.
How much will the gratuity be if you want to leave 15 percent?
It will be 15 percent of the amount due.
What age did Kate Sheppard leave primary school?
16
