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2. Choosing a life insurance beneficiary - AOL

   www.aol.com/finance/choosing-life-insurance...

   A life insurance policy is designed to provide financial support for individuals or organizations of your choosing after your death. A life insurance beneficiary is the person who receives the ...

3. I'm a Trustee. Can I Remove a Beneficiary From a Trust? - AOL

   www.aol.com/trustee-remove-beneficiary-trust...

   Trustee vs. Beneficiary Rights and Responsibilities A trust is a legal arrangement in which one person, called a grantor , transfers the management of assets to someone else. That someone else is ...

4. Trustor vs. Trustee: What’s the Difference? - AOL

   www.aol.com/news/trustor-vs-trustee-difference...

   Trusts are a useful tool for financial and estate planning, allowing a family to set assets aside to be passed on when someone dies. They can also help your family potentially avoid the headaches ...

5. Life insurance trust - Wikipedia

   en.wikipedia.org/wiki/Life_insurance_trust

   Upon the death of the insured, the trustee invests the insurance proceeds and administers the trust for one or more beneficiaries. If the trust owns insurance on the life of a married person, the non-insured spouse and children are often beneficiaries of the insurance trust. If the trust owns "second to die" or survivorship insurance which only ...

6. Beneficiary - Wikipedia

   en.wikipedia.org/wiki/Beneficiary

   A beneficiary in the broadest sense is a natural person or other legal entity who receives money or other benefits from a benefactor. For example, the beneficiary of a life insurance policy is the person who receives the payment of the amount of insurance after the death of the insured. In trust law, beneficiaries are also known as cestui que use.

7. What happens if your life insurance beneficiary dies ... - AOL

   www.aol.com/finance/happens-life-insurance...

   What happens if the owner of a life insurance policy dies before the insured? When the owner of a life insurance policy passes away before the insured, things can get a bit tricky. If the owner ...

8. Estate planning - Wikipedia

   en.wikipedia.org/wiki/Estate_planning

   Other tax-advantaged alternatives to leaving property, outside of a will, include qualified or non-qualified retirement plans (e.g. 401(k) plans and IRAs) certain "trustee" bank accounts, transfer on death (or TOD) financial accounts, and life insurance proceeds. Because life insurance proceeds generally are not taxed for U.S. Federal income ...

9. What is an irrevocable beneficiary? - AOL

   www.aol.com/finance/irrevocable-beneficiary...

   An irrevocable beneficiary has a guaranteed right to receive the death benefit from your life insurance policy, and their consent is required for any changes that affect their rights.