Use Beneficiary in a sentence

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1. Beneficiary definition is - a person or thing that receives help or an advantage from something : one that benefits from something

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2. How to use Beneficiary in a sentence

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3. A Beneficiary is any person who gains an advantage and/or profits from something

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4. In the financial world, a Beneficiary typically refers to someone eligible to receive distributions from a trust,

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5. One that receives a benefit: I am the Beneficiary of your generosity

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6. A Beneficiary is someone who gets your stuff when you die

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7. Beneficiary An organization or a person for whom a trust is created and who thereby receives the benefits of the trust

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8. A Beneficiary can be any person or entity the owner chooses to receive the benefits of a retirement account or an IRA after he or she dies. Beneficiaries of a retirement account or traditional IRA must include in their gross income any taxable distributions they receive.

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9. It is the responsibility of the TRICARE Beneficiary, parent or legal representative to report a change in status

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10. Designated Beneficiary Spouse only: Non-spouse: No designated Beneficiary (including an estate, charity, or some trusts) IRA owner dies on or after required beginning date: Spouse may treat as his/her own, or Distribute over spouse’s life using Table I* Use spouse’s current age each year, or Distribute based on owner’s age using Table I

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11. PURPOSE: To obtain information from individuals to validate their eligibility as beneficiaries, grant access to the Humana Military website, and provide Beneficiary services available through Humana Military to validated individuals, including physician referrals, healthcare authorizations, claims payment, assignment of beneficiaries to physicians, and informational contact with validated beneficiaries.

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12. A Beneficiary is the person(s) or entity that you designate to receive assets after your death

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13. If you don't name a Beneficiary, your assets will go to the person designated next in line by your state or by the institution that holds those assets.

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14. One that receives a benefit: I am the Beneficiary of your generosity

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15. The Old Beneficiary IRA Rules Before changes were made to the Beneficiary IRA rules, those who inherited an individual retirement account were required to …

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16. A Beneficiary is a someone named in a decedent's will, trust, life insurance policy, and/or financial account who has been selected to receive the assets

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17. A Beneficiary need not be an heir: a friend, a long-term partner, a stepchild, or a charity can be a Beneficiary.

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18. From something: Beneficiary of sth London will be the Beneficiary of investment in its transport system

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19. The Beneficiary is defined as the person who benefits from something such as a will or a life insurance policy

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20. An example of a Beneficiary is the person who you leave your house to when you die.

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21. The Beneficiary of a tax-deferred annuity may choose from several payout options, which will determine how the income benefit will be taxed

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22. If the Beneficiary is the spouse of the annuitant, the spouse can change the contract into his or her own name

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23. To learn more about this and to learn to designate a particular individual or entity, see the following links below: FEGLI Handbook Chapter on Order of Precedence and Designation of Beneficiary

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24. The Beneficiary of an insurance policy is the individual that receives benefits when the policy pays out

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25. A third-party Beneficiary to a contract is an individual that is not a party to the contract, but who will benefit from the other parties’ fulfillment of the terms of the contract.

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26. The Beneficiary designations that you make on a retirement account like an IRA generally supersede any other instructions you leave, including your will

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27. So if your will states that your spouse is your IRA Beneficiary, but the IRA itself designates your children as your beneficiaries, your children will …

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28. A designated Beneficiary is a person who inherits an asset such as the balance of an individual retirement account (IRA) or life insurance policy after the death of the asset's owner.

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29. Selecting a Beneficiary is a critical component of your last will and testament

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30. Some people keep it simple and choose only one Beneficiary while others choose multiple beneficiaries

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31. What is a will Beneficiary? The Beneficiary or beneficiaries in your last will and testament are the …

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32. Your primary 401(k) Beneficiary is your first choice to receive your retirement assets in the event of your death

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33. Your contingent, or secondary, Beneficiary is the person (or people) who will receive benefits if your primary Beneficiary isn’t alive when you die, or declines to accept the benefits.

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34. Naming a Spouse as Your IRA Beneficiary

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35. The advantage to your spouse if they are named as your primary Beneficiary is flexibility upon your death in how they treat the IRA.

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36. Beneficiary Forms You may complete 4 different Beneficiary forms

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37. Contingent beneficiaries receive your assets if there is no living primary Beneficiary

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38. Note: Some retirement accounts or plans may require spousal consent (e.g., profit sharing, self-employed, 401(k), Keogh) before you can add or change the Beneficiary.

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39. Update Your Insurance Beneficiary

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40. Your VA Life Insurance Beneficiary is the person you have designated to receive your insurance proceeds in the event of your death

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41. It is very important to make sure your Beneficiary information is always up to date

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42. A primary Beneficiary is a designated individual, chosen by the policyholder, who would receive the proceeds of the policy if he or she were to die

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43. When selecting a primary Beneficiary, you can name a person or persons or even a revocable trust (or living trust) or other legal entity

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44. Most importantly, the primary Beneficiary is the “first

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45. Primary Beneficiary: The primary Beneficiary is the person (or persons) who will receive the proceeds of the life insurance policy when the insured person dies

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46. However, the primary Beneficiary will not receive any proceeds if he or she dies before the death of the named insured

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47. Contingent Beneficiary: This is also known as the secondary

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48. A Beneficiary is the person or institution that you choose to receive the death benefit of your life insurance policy, retirement accounts, or pension

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49. When choosing a Beneficiary, it is important to consider who would suffer the most

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50. A Beneficiary is a person who will receive the payout from a life insurance policy if you were to die

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51. Remember that IRA Beneficiary designations supersede a will

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52. There is no option for a 60-day rollover when a nonspouse Beneficiary is inheriting IRA assets.

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53. A Beneficiary deed is a specific type of property deed that is used to transfer real property

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54. Definition: In life insurance, the Beneficiary is the person or entity entitled to receive the claim amount and other benefits upon the death of the benefactor or on the maturity of the policy

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55. Description: Generally, a Beneficiary is a person who receives benefit from a particular entity (say trust) or a person.The eligibility to be considered for the benefits is confirmed either as per the

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56. A Beneficiary change can occur at any time by contacting your life insurance company

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57. Some allow you to make these updates in your online portal, while others require a phone call or for you to fill out a paper change of Beneficiary form that you either mail or fax to the life insurance company.

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58. The primary Beneficiary is the person or entity who has the first claim to inherit your assets after your death

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59. Despite the term “primary," you may name more than one such Beneficiary and designate how the assets will be divided among them

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60. A contingent Beneficiary, on the other hand, is the second in line to inherit your assets

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61. Beneficiary definition: Someone who is a Beneficiary of something is helped by it

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62. A Beneficiary has no rights to your property until after you pass

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63. When Can an Account Beneficiary Claim Account Assets? After your death, the Beneficiary has a right to collect any money remaining in your account.

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64. Upon your death, the money in your Beneficiary participant account cannot stay with us

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65. The Beneficiary whose share is being changed consents to it; The Beneficiary is an adult; The Beneficiary has mental capacity

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66. Beneficiary Travel- Points of Contact

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67. Click a VISN number on the map below to view Beneficiary Travel contacts for that region

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68. A person who receives the benefits from something although perhaps not the legal owner of the thing.In real estate,the term is usually encountered in the context of a trust,in which a trustee holds what is called bare legal title to the property,but the property itself and all sums gained from the property are held for the Beneficiary.Care should be taken when buying,selling,or

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69. "It is important to designate a Beneficiary on your 401(k) account so that it transfers to your desired heir without having to go through the probate process," says Arielle Minicozzi, a certified

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70. For example, the normal annual limit on tax-free gifts is $15,000 per Beneficiary in 2020, an amount that may be indexed for inflation in future years

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Dictionary

BENEFICIARY [ˌbenəˈfiSHēˌerē]

NOUN
beneficiary (noun) · beneficiaries (plural noun)

  • a person who derives advantage from something, especially a trust, will, or life insurance policy.
Synonyms: heir . heiress . inheritor . legatee . recipient . receiver . payee . donee . assignee . devisee . grantee . heritor .