上海交通大学金融学专业保险学原理讲义chapter09.ppt

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 policyowners 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 revocation the policyowners right to change the beneficiary designation指派 of a life insurance policy. Revocable beneficiary a life insurance policy beneficiary who has no right to the policy proceeds during the insureds lifetime because the policyowner has the unrestricted right to change the beneficiary designation during the insureds lifetime.,Changing the Beneficiary,Irrevocable beneficiary a life insurance policybeneficiary who has a vested interest in the policy proceeds even during the insureds lifetime because the policyowner has the right to change the beneficiary designation only after obtaining获得 the beneficiarys consent准许.,Changing the Beneficiary,A beneiciary designation is considered to be revocable unless one of the following situations occurs: 1. The policyowner voluntarily gives up the right to change the beneficiary. 2. Legislation limits the policyowners right to change the designation .,Changing the Beneficiary,An irrevocable beneficiary has a vested interest in the proceeds of the life insurance policy during the lifetime of the insured. A vested interest is a property right that has taken effect and cannot be altered or changed without the consent of the person who owns the right.,Changing the Beneficiary,Most insurers will not permit the policyowner who has designated an irrevocable beneficiary to exercise all of her ownership rights in the contract without that irrevocable beneficiarys consent.,Changing the Beneficiary,Policyowners right obtain a policy loan surrender the policy for cash assign ownership of the policy to another party,Beneficiary change procedure,Only during the insureds lifetime a writen notification Endorsement批注,Beneficiary named in a will,questions,Distinguish between primary and contingent benefici