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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. Life insurance - Wikipedia

    en.wikipedia.org/wiki/Life_insurance

    Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of an insured person.

  4. 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.

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

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

    Each life insurance policy varies, so your best bet may be to talk to your life insurance carrier or insurance agent to learn the steps you should take when specifying the beneficiaries on your ...

  6. Life insurance trust - Wikipedia

    en.wikipedia.org/wiki/Life_insurance_trust

    A life insurance trust is an irrevocable, non-amendable trust which is both the owner and beneficiary of one or more life insurance policies. [1] Upon the death of the insured, the trustee invests the insurance proceeds and administers the trust for one or more beneficiaries.

  7. Uniform Simultaneous Death Act - Wikipedia

    en.wikipedia.org/wiki/Uniform_Simultaneous_Death_Act

    The Act may also help to resolve a life insurance case where the insured and beneficiary die in a common disaster. Different rules apply for insurance. For example, Carol has a life insurance policy through her employer. Her husband Dave is its beneficiary. They are both killed in a car crash, dying at or near the same time.

  8. What Exactly Do I Need to Know About Beneficiaries? - AOL

    www.aol.com/exactly-know-beneficiaries-132408610...

    Life insurance policies also have beneficiaries. These are the persons who will get checks from the insurance company to pay the death benefit. ... Leaving a beneficiary form blank can also cause ...

  9. 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.

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