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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.
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∙ 16y ago
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When referring to life insurance what is the definition of a beneficiary?
When referring to life insurance, a beneficiary is a person specified by the contract holder. This beneficiary will receive the benefits if the primary beneficiary has died at the time the benefit is to be paid.
How is a electromagnet diffrent then a permanent magnet?
By definition an electromagnet is only working when it has a supply of electricity, a Permanent Magnet is always a magnet
What is the definition of temporary?
Lasting for only a limited period of time; not permanent.
What is the nomadic definition?
Nomadic is to have no permanent home, but rather to roam and erect temporary shelter each night as necessary.
Are premiums on life insurance of key officers a permanent difference?
Life insurance premium expense when the corporation is the beneficiary is a permanent difference. It is deducted for book income but not for taxable income. And the proceeds received on such policies result in a book gain but are not taxable.
What is the definition of Jamestown?
Jamestown was the first permanent English settlement or colony in North America.
What is the possessive form of beneficiary?
The possessive form for the noun beneficiary is beneficiary's.
Which kind of life insurance policy protects a company from loss caused by the death of a valuable employee?
Key Man life insurance could be either on a term or permanent life plan, where the beneficiary is the employer. The funds can be used by the beneficiary company to hire and train a replacement for the key person employee.
Definition of human growth?
Umm, it's where your body grows till finally you get your permanent size?
where is infomation on beneficiary?
where is infomation on beneficiary
What is the plural of beneficiary?
The plural of beneficiary is beneficiaries.The plural of the singular noun beneficiary is beneficiaries.
What is the difference between term and permanent life insurance?
Term life insurance if only for the life of the coverage holder, once deceased the amount is paid to the beneficiary. Permanent life insurance, known as whole life insurance, combines term life insurance with an investment option.
