上海交通大学金融学专业保险学原理讲义chapter09.pptVIP

Life Insurance Policy Beneficiaries Chapter Outline Naming the beneficiary changing the beneficiary Naming the Beneficiary Primary and Contingent可能的 Beneficiaries No Surviving Beneficiary Facility-of-payment Clause条款 Clarity of Designation Primary and Contingent Beneficiaries Primary beneficiary (first beneficiary) is the party designated to receive the policy proceeds following the death of the insured. A contingent beneficiary can receive the policy proceeds only if all designated primary beneficiaries have predeceased the insured. No Surviving Beneficiary If no beneficiary has been named or none of the named beneficiaries is living when the insured died, then the policy proceeds are paid to the policyowner, if the policyowner is living. If the policyowner is deceased then the proceeds are paid to the policyowner’s estate. No Surviving Beneficiary Preference beneficiary clause.Which states that if the policyowner does not name a beneficiary, then the insurer will pay the policy proceeds in a stated order of preference优先权. Facility-of- payment clause That permits the insurance company to make payment of all or part of the policy proceeds either to a relative of the insured or to anyone who has a valid claim to those proceeds. Monthly debit ordinary life, a few individual ordinary life insurance policies Clarity of Designation For example to my children Changing the beneficiary Revocable beneficiary irrevocable beneficiary非本人同意或死亡不可变更的受益人 legislative restriction on beneficiary changes beneficiary change procedure beneficiary named in a will Changing the Beneficiary Right of revocationthe policyowner’s right to change the beneficiary designation指派 of a life insurance policy. Revocable beneficiarya life insurance policy beneficiary who has no right to the policy proceeds during the insured’s lifetime because the policyowner has the unrestricted right to change the beneficiary designation during the insured’s lifetime. Changing the Beneficiary Irrevocable bene