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.
A beneficiary is a named future recipient of a life insurance payout, retirement plan account, or any account that has a named beneficiary. A dependent is your spouse or children. You can have your dependents as part of your benefits -- such as health insurance. You can name anybody, dependents, non-dependents, charities, etc... as your beneficiary. A beneficiary is a person who receives money or other benefits in future from any saving account that has a beneficiary. But a dependent can be your wife or children who can take benefits of your any insurance plan.