You Don't.
if you have insurance and they die, like that gerber life plan...but not if theyre over18 if its child support
The person who is eligible to collect life insurance is the beneficiary. Anybody can be named the beneficiary. There are steps that need to be taken before a person can collect.
Probably not unless the insurance company decides to allow it or it was a provision in the life insurance policy. Normally, people are not able to collect on their life insurance policy until the insured dies.
I need to report my father's death and collect on his life insurance policy.
Most life insurance policies do not pay out for suicide.
how do you locate old life insurance policies
All life insurance policies specify who the beneficiaries are and what percentage each one gets, so your brother can only collect his portion.
No one. Each child will be able to collect their share of the money when they are 18. The money for the minor child will be kept by the insurance company until the minor turns 18. This is why it is not a good idea to name minors as beneficiaries of life insurance policies if the money would be necessary for the upbringing of the child. Either name an adult that you trust or create a life insurance trust to be named as the beneficiary.
You can only collect on the life insurance if you were awarded this at time of divorce. I was awarded the ability to take out a life insurance policy on my ex. as I receive a military retirement which only exists if he is alive. After his death, it would stop, therefore I have the life insurance policy.
Child life insurance is a form of permanent life insurance that insures the life of a minor. It is usually purchased to protect a family against the sudden and unexpected costs of a child's funeral or burial and to secure inexpensive and guaranteed insurance for the lifetime of the child.
You gotta be dead to collect.
You can get free life insurance from the company MassMutual insurance. It is a term life policy so you will have to die before your kids can collect the money.