Beneficiary Clause

(redirected from Beneficiary Clauses)

Beneficiary Clause

A clause in a document creating a trust, annuity or insurance policy stating who the beneficiary is. The person or company creating the trust, annuity or insurance policy may or may not be able to change who the beneficiary is, depending on the nature of the clause. See also: Revocable beneficiary, Irrevocable beneficiary.
References in periodicals archive ?
Focus on the important policy provisions like grace periods, incontestability, suicide, reinstatement, beneficiary clauses, and cash surrender values.
Through the imposition of Indian Act regulations, Department of Indian Affairs policies, entitlement clauses in self-government agreements or beneficiary clauses in land claims negotiations, the federal and provincial governments continue to deviously manipulate the issue of membership to their own advantage.