Absolute Beneficiary
Same as term: Beneficiary; Beneficiary Clause:
Popular Insurance Terms
Loss of a key person due to death, disability, sickness, resignation, incarceration, or retirement. Because of the expertise of such an individual, there could be a loss of income, market ...
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Option clause in a disability income policy that the insured can exercise that would permit the insured the right to purchase additional limits of coverage regardless of the insured's ...
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Record of insurance policies sold to an individual. ...
Individual added to a life insurance policy other than the insured named in the policy. For example, an insured father can have a dependent son and daughter added to the policy as ...
Policy that provides an income for life to the primary beneficiary upon the death of the insured. The face amount of the policy becomes payable to the secondary beneficiary upon the death ...
Comments for Absolute Beneficiary
I was waiting on a direct deposit to post, but they closed the account while the deposit was pending. I documented everything. What are my options?
Apr 22, 2023 22:11:25Hello Anthony,
Apr 24, 2023 11:22:07We advise you to contact the bank (or even the bank manager) to investigate your case. They're responsible for such situations and must supply you with a proper solution. If unsatisfied with the bank's response, contact an expert attorney. You can also try alternative platforms for deposits.
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