Concept ComparisonsSeen in 6 questions
Per Capita vs Per Stirpes
Per capita divides proceeds equally among living named beneficiaries - a deceased beneficiary's share goes to survivors. Per stirpes preserves each branch - a deceased beneficiary's heirs inherit that share.
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- Life InsuranceWhen a beneficiary designation states that the death benefit is to be divided 'per stir…
- Life InsuranceA policyowner names her children as beneficiaries with the designation my children, per…
- Life InsuranceA policy names the insured's three children as equal beneficiaries. One child has died …
- BeneficiariesThe difference between a 'per capita' and a 'per stirpes' beneficiary distribution is t…
- BeneficiariesAn insured names 'my children, per stirpes' as beneficiaries. At the insured's death, t…
- BeneficiariesA policyowner names three beneficiaries and specifies '40% to Maria, 35% to James, and …