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It mean to have a chance to get some money wen somebody dies and they lawn it to you that means give it to you.
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∙ 11y ago
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What do you think beneficiary means?
Beneficiary means the person who receives a benefit.
What does irrevocable beneficiary mean?
It means that if you want to change the beneficiary, the beneficiary themselves must sign off on it.
What is the definition of a permanent beneficiary?
I think that you're refering to an "irrevocable" beneficiary. This means that the beneficiary designation can only be changed if both the policy holder (owner) AND the current beneficiary sign off on it.
What is the Latin root for beneficiary?
It is bene, which means well.
What is the Latin word for beneficiary?
It is bene, which means well.
Does to the issue of deceased beneficiary have the same meaning as surviving issue of beneficiary?
No, not exactly.The issue of a deceased beneficiary includes any issue that has predeceased that beneficiary.Surviving issue means only the issue living at the time of death of the beneficiary.
What is meant by beneficiary under a will?
Beneficiary means "one who benefits." In other words, it refers to a person who is being given something in the will.
How does the root help you understand it's meaning beneficiary?
Well, beneficiary means well or good. It helps you understand the meaning of the word because it tells you that the word means good.
What does beneficiary name mean?
It means that the land of chicken is on fire
When talking in life insurance what does contengent mean?
In regards to life insurance, contingent usually means secondary. For example a contingent beneficiary is a secondary beneficiary, not the primary beneficiary. The contingent beneficiary would receive the proceeds from a life insurance policy if the primary beneficiary were not alive when the insured person dies.
What is meant by a contingent beneficiary?
Contingent beneficiary means that on a will or insurance contract a person receives the benefits only if all of the predetermined conditions have been met
What do the meaning of BO account?
BO ACCOUNT means beneficiary owner account
