What Does Class Designation Mean?

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What does Class Designation mean? Read on to discover the definition & meaning of the term Class Designation - to help you better understand the language used in insurance policies.

Class Designation

Class Designation

A beneficiary designation. Rather than specifying one or more beneficiaries by name, the policyowner designates a class or group of beneficiaries. For example, "my children."

We hope the you have a better understanding of the meaning of Class Designation.

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