SAMPLE BENEFICIARY WORDING
Beneficiary Arrangement
Estate
One Primary Beneficiary
Several Primary Beneficiaries
Un-named Beneficiaries
Unequal Amounts
Partnership
Partnership (Limited)
Inter-Vivos Trust
Testamentary
Split Dollar
(Collateral Assignment or Endorsement)
UGMA/UTMA
Sample Wording
The Insureds Estate.
Mary Doe, Wife.
Mary Doe, Jane Doe and Thomas Doe, Wife and Children, equally, survivors or survivor.
My Children equally, survivors or survivor.
The Children born of the marriage between John and Mary Doe, equally, survivors or survivor.
Thomas Doe, Son and any other children born of the marriage between John and Mary Doe, equally, survivors or survivor.
70% to Mary Doe, Wife, and 30% to John Doe, Son, or all to the survivor.
60% to Joe Doe, Husband, 20% to Mary Doe, Daughter and 20% to John Doe, Son. If the beneficiary should not survive, then the remaining beneficiaries shall share the deceased beneficiarys portion equally.
(General) Smith and Jones, a general partnership comprised of John Smith and Thomas Jones.
John Smith, general partner, Smith Associates, Limited Partnership.
Corporation The ABC Company, a (State Of Incorporation) corporation, its successors or assigns.
The (Name of Trust) Trust, dated ( Trust date) , with (Name of Trustee) , Trustee, or the successor or successors in trust.
Trust The Trust created by the Will of (Insured) by (Name of Trustee) , Trustee, or the successor or successors in trust.
XYZ Corporation, a (State Of Incorporation) corporation, its successors or assigns, in the amount claimed by said corporation not to exceed the amount payable under the policy, and the balance if any, payable to Jane Doe, spouse of the insured.
Minor as Insured: The estate of the Minor.
Someone Other Than Minor as Insured: Name of Custodian , as custodian for (Name of Minor) , born (Date of Birth) , under the (Name of the State and Name of the UGMA/UTMA Act for the State in Question.)