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Who can be a CalSTRS beneficiary?

As a member of the CalSTRS Defined Benefit Program, your spouse, children or other loved ones may be eligible for survivor benefits after your death.

What happens when you are a beneficiary?

The primary beneficiary gets the death benefits if he or she can be found after your death. Contingent beneficiaries get the death benefits if the primary beneficiary can't be found. If no primary or contingent beneficiaries can be found, the death benefit will be paid to your estate.

What are the 3 types of beneficiaries?

There are different types of beneficiaries; Irrevocable, Revocable and Contingent.

What is the meaning of type of beneficiary?

There are several types of beneficiaries: Primary beneficiary: an individual who is first in line to receive benefits. Contingent beneficiary: an individual who receives the benefits of an account if the primary beneficiary is deceased, cannot be located, or refuses to accept the assets after the account owner's death.

What are the two types of beneficiary?

Primary and contingent beneficiaries There are two types of beneficiaries: primary and contingent. A primary beneficiary is the person (or persons) first in line to receive the death benefit from your life insurance policy \u2014 typically your spouse, children or other family members.

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