Terms Used In Alaska Statutes 06.65.170

  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC

A designated beneficiary or the designated beneficiary’s representative may not, directly or indirectly, direct the investment of a program account, including the earnings on the program account, more than twice in one calendar year.