Menu
Home
Advertise
Forums
Search forums
What's new
Unread posts
Latest activity
Earn Money
Review Website/Apps
Passive Income
Money apps
Paid Survey
Stock
Forex
Real estate
Paid to write
Social Media Monetization
Crytocurrency
Bitcoin (BTC)
Ethereum (ETH)
Crypto Exchange
Mining
Crypto Faucet / Airdrops
Binance
Business
Business strategy
Funding a business
Marketing
Digital Marketing
Social media marketing
Email marketing
Brand management
Personal Finance
Money Saving
Personal loan
Retirement
Debt help
Savings for Students
Tax relief
Insurance
Car Insurance
Life Insurance
Liability Insurance
Home Insurance
Health Insurance
Disability Insurance
FAQ
Log in
Register
What's new
Search
Search
Search titles only
By:
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Money Making Forums
Insurance Forums
Absolute Beneficiary/Irrevocable Beneficiary
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="Jasz, post: 253645, member: 61772"] Absolute beneficiary, or irrevocable beneficiary, is the person who has the right to receive an insurance payout in the event of a death. This person is also known as the primary beneficiary. If you are the absolute beneficiary of your life insurance policy, you will receive all proceeds if you die before age 85. If you are the primary beneficiary, and your spouse or partner dies before age 85, then they will receive all proceeds. However, if there are multiple beneficiaries on a policy and one dies before age 85 and another dies after that age limit, then their share will be based on what they've earned up until age 85. In many cases, life insurance policies may also provide for irrevocable beneficiaries. The irrevocable beneficiary designation allows a person who is named as such on a life insurance policy to receive the proceeds of the policy if there is no living person named as a primary beneficiary and they are deemed incompetent by a court of law. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Insurance Forums
Absolute Beneficiary/Irrevocable Beneficiary
Top