If any beneficiary does not survive the Settlor for a period of 30 days then the Trustee shall distribute that beneficiary’s share to the surviving beneficiaries by right of representation.
(1) Person named by the participant in an insurance policy or pension plan to receive any benefits provided by the plan if the participant dies (2) A person designated by a participant, or by the terms of an employee benefit plan, who is or may become entitled to a benefit thereunder
One or more people or organizations named to receive the death benefit of a life insurance policy, payable when the insured dies For example, a person could name his or her parents, spouse and/or children as a beneficiary; an organization could be named the beneficiary if a company purchases a life insurance policy on a "key" person, such as a CEO or Executive Director The beneficiary must be someone with an insurable interest in the insured, meaning, generally, that the insured's life must provide some financial value to the beneficiary
The person, people, estate, trust or organization you choose to receive a benefit if you die while covered by life insurance or accidental death & dismemberment insurance at Stanford You are automatically the beneficiary of your dependent's coverage unless you submit a written designation
The person(s) you designate to receive a benefit upon your death A beneficiary can be any person, persons, or entity capable of taking and holding property Depending on the insurance, retirement, and/or savings plans in which you are enrolled, you have a number of opportunities to designate beneficiaries If you are a UCRP member, your beneficiary(s) receive a minimum of a $7,500 death benefit and any CAP balance Use form UBEN 114 to designate your beneficiary(s) The beneficiary(s) of your DC Plan and Tax-Deferred 403(b) Plan receive any accumulations in your plans Use form UBEN 114 to designate your beneficiary(s) If you are enrolled in Basic Life, Core Life, Supplemental Life and/or AD&D, you may name beneficiary(s) by completing form UPAY 718 You may name different beneficiaries for each planexcept DC Pretax and After-Tax Plans, which must have the same beneficiary(s)and you may name more than one beneficiary for each plan
The person designated to receive the income from a trust, estate, or a deed of trust
the recipient of funds or other benefits having or arising from a benefice; "a beneficiary baron
A person who is not a party to a contract who is designated by a party to receive the benefits of the contract
The person or entity, such as a trust fund, named in a life insurance policy as the recipient of policy proceeds in the event of the policyholder's death
A person who receives the benefits from the gifts or acts of another, such as one who is designated to receive the proceeds from a will, insurance policy or trust
A person who receives benefits from the gifts or acts of another, as in the case of one designated to receive the proceeds from a will, insurance policy, or trust; the real owner, as opposed to the trustee who holds only legal title With a trust, the trustee holds the legal title, but the beneficiary enjoys the benefits of ownership
The person designated or provided for by an insurance policy's terms to receive any benefits provided by the policy or plan upon the death of the insured