If you've been a long time fan or client of wt360 you know we called for the coldest Summer in 5 years and wet-no drought in our forecast for the Eastern half of the U.S. this Summer. Hopefully that gives you a little hope that they can be totally wrong and not to panic on the Winter just yet.
A beneficiary is the person or entity you name in a life insurance policy to receive the death benefit. If you donât name a beneficiary, the death benefit will be paid to your estate. Two âlevelsâ of beneficiaries. Your life insurance policy should have both âprimaryâ and âcontingentâ beneficiaries. The primary beneficiary gets the death benefits if he or she can be found after your death. Contingent beneficiaries get the death benefits if the primary beneficiary canât be found.
Top 10 unbelievable historical concurrencies. An irrevocable beneficiary is a person â also known as a beneficiary â who is named by another to receive benefits from a life insurance policy in an agreement that cannot be changed without the permission of the beneficiary.d. The main benefit of being named an irrevocable beneficiary is that no part of the life insurance agreement concerning that person can be changed without his or her permission. What this means is that the benefits will definitely be transferred at the time of the policy-holder's death.