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.
Other factors to consider. When naming life insurance beneficiaries, keep these things in mind: State or policy life insurance beneficiary rules â Your state or the insurance carrier may restrict who you can name as a beneficiary. For example, if you're married, your spouse may have to sign a waiver before you can name someone else as the beneficiary.