For reasons explained in our blog, we have disassociated the 1901 and 1902 Orioles teams from the franchise history of the New York Yankees. The two-year stint in Baltimore is now considered to be that of a separate franchise.
When the one insured in a life insurance policy dies the proceeds go to the named beneficiary. If the beneficiary dies ahead of the insured, the proceeds will still be paid out. The insurance company will determine if there are primary co-beneficiaries named in the policy. If there are, the proceeds will be divided among these co-beneficiaries. When one of the co-beneficiaries dies, the remainder of the proceeds will be paid out to the surviving beneficiaries.
For example, if you name your daughter as the primary beneficiary on your life insurance policy and your son as the contingent beneficiary, your daughter receives the entire $100,000 if she is alive when you die, and your son receives nothing.If your daughter dies before you, your son receives the entire $100,000.eneficiaries do not have rights to your assets while you are still alive, so you are free to change your beneficiary designations at any time. If you marry or divorce, you may wish to review the beneficiary designations on your life insurance policies, retirement accounts, bank accounts and any other assets.