A helpful default condition is the instruction, If living, if not, then…
An example of this kind of beneficiary designation would be:
Primary beneficiary:
Jane Doe, stepdaughter, 50% if living, if not, then her 50% to Jack Doe, step-grandson.
John Doe, son-in-Law, 50% if living, if not, then his 50% to Jane Doe, stepdaughter.
If you are unsure of your beneficiary or if you have questions, review your beneficiary designation with your Ameriprise financial advisor, a legal or tax professional or an estate planner.