Per Stirpes
Updated: 29 February 2024
What Does Per Stirpes Mean?
Per stirpes is a Latin term that means “by root.” Per stirpes is often used to describe a situation in which assets are passed to a beneficiary’s descendants if they die before being able to receive them.
In the context of insurance, death benefits and other life insurance assets can be passed along per stirpes.
Insuranceopedia Explains Per Stirpes
As an example of per stirpes, imagine a widow about to receive the death benefit from her husband’s life insurance policy. However, if the widow dies before receiving the death benefits, they would be passed on to her children or grandchildren.
It is important to have per stirpes arrangements worked out in advance in case an unexpected death occurs.
Related Definitions
Related Terms
Related Articles
Life Insurance Basics: Top Tips Before You Commit
9 Basic Tips for Finding the Right Life Insurance Policy
Insurance Self-Service Portal: The Future of Customer Experience
Blockchain’s Impact on Transforming the Insurance Landscape
What Every College Student Should Know About Renters Insurance
Guidance for Nurses: Five Essential HIPAA Compliance Tips
Related Reading
What Is Temporary Life Insurance?
Revealing the Most And Least Popular U.S. Insurance Companies
Texas is the state with most people killed by animals in the US
Life Insurance Statistics
How Long Do You Have To Have Life Insurance Before You Die?
Life Insurance Statistics