Named beneficiary in annuity contract is vague!

by cnstedman » Thu Aug 22, 2013 08:49 pm

Annuity contract names "humane society" as beneficiary at death of annuitant without specifying any particular organization.

Total Comments: 1

Posted: Fri Aug 23, 2013 12:27 am Post Subject:

Has the annuitant died? If not, then the owner can restate the beneficiary with more clarity. Without further qualification, I think most people would assume that "humane society" means the U.S. Humane Society. It the local humane society is the intended beneficiary, then is should be restated as such.

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