On what types of legal documents would you find beneficiary designations? Why is a contingent beneficiary important?

Question:

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Personal Finance

ISBN: 978-0134724713

4th Canadian edition

Authors: Jeff Madura, Hardeep Singh Gill

See More Books

Question Posted: Dec 02, 2015 04:18 AM

See More Questions

What is a beneficiary? A contingent beneficiary? Explain why its essential to designate a beneficiary for your policy.
Identify types of legal documents for which electronic signatures are not valid and explain why the law excludes these.
Explain the following beneficiary designations. a. Primary and contingent beneficiary b. Revocable and irrevocable beneficiary c. Specific and class beneficiary
Shelby Company has an available production capacity of 180,000 hours. This can be used to produce 3 products in any combination. The total fixed cost is 180,000. Other information is as follows: X Y...
Collect examples of ads that rely on the use of metaphors or resonance. Do you feel these ads are effective? If you were working with the products, would you feel more comfortable with ads that use a...
Consider the three mass-four spring system in Figure. Determining the equations of motion from Fx = m, for each mass using its free-body diagram results in the following differential equations: Where...
2. What assumptions should he make?
Susan May Bakery, Inc. reported a prior-period adjustment in 2016. An accounting error caused net income of prior years to be overstated by $4,000. Retained Earnings at December 31, 2015, as...
Therrell Corporation has two divisions: Bulb Division and Seed Division. The following report is for the most recent operating period: Bulb Division Seed Division Sales $ 310,500 $ 207,000 Variable...
Mickley Corporation produces two products, Alpha6s and Zeta7s, which pass through two operations, Sintering and Finishing. Each of the products uses two raw materials-X442 and Y661. The company uses...
How does joint tenancy with rights of survivorship (JTWROS) reduce probate fees? What are the disadvantages of JTWROS?
What is a trust? Describe the features and benefits of an inter vivos trust. What are the disadvantages? What is the difference between a revocable and an irrevocable inter vivos trust?
Find the exact value of the expression. Do not use a calculator. cos -1 (-3/2)
4. What is the time complexity of the following procedure for in/2 to n do j 2 end for while (j
If the concentration of a constituent in the influent to the equalization basin is constant over the 24 h period, will the load of the constituent from the basin be constant? If the concentration of...
A three-phase transmission line of a 60 Hz circuit has a length of 370 km (230 miles). the conductors are of the 795,000cm (54/7) type with horizontal spacing of 25 feet between them. The load on the...
Simulate rolling a dice using Math.random() . Your roll function should allow the caller to specify any number of sides, but default to 6 if no side count is given: roll() assumes a 6 sided dice,...
Drama Read the excerpt from a play. Then, answer the question(s). (1) (2) Belle: Having trouble deciding what will make you look like both a power to be reckoned with and a fetching young lady while...
From the following trial balance construct the statement of comprehensive income for P Miller for the year ended 31 December 2007 and a statement of financial position as at that date. Inventory as...
Do animals have rights? If so, what are they? What duties do human beings have toward animals? Does KFC protect animal welfare at an acceptable level?
Selected comparative statement data For the giant bookseller Barnes & Noble are presented here. All balance sheet data are as of December 31 (in millions). Instructions Compute the following ratios...
1. Summarize the basic steps that occur when someone applies for credit. 2. What is a credit history, and what role do credit bureaus play in the development of your credit history? 3. What is a...
1. List the types of depository institutions that are sources of credit for consumers. 2. Distinguish between a sales finance company and a consumer finance company. 3. Summarize how stockbrokers and...
1. Identify four signs of over indebtedness. 2. List the major provisions of the Fair Debt Collection Practices Act. 3. What services are provided by a credit counseling agency, and how might a debt...
Only need help on 4B and 5. Exercise 9-21 Breakeven Planning; Profit Planning (LO 9-2, 9-3] Connelly Inc., a manufacturer of quality electric ice cream makers, has experienced a steady growth in...
A project with an initial cost of $32,000 is expected to provide cash flows of $12,900, $13,100, $16,200, and $10,700 over the next four years, respectively. If the required return is 8.1 percent,...
A company that is expecting to receive EUR 500,000 in 60 days is considering entering into an FX futures contract to lock an exchange rate to USD for the transaction. The FX rate on the contract is...

On what types of legal documents would you find beneficiary designations? Why is a contingent beneficiary important?

Question:

Step by Step Answer:

The types of legal documents on which you would find beneficiary designations in...View the full answer

Personal Finance

Students also viewed these Corporate Finance questions