few weeks
it will go to probate and the courts will have a long list of things for you to do before any money is awarded.
if you have our executors you will never get your money
Once the company receives your signed surrender form it should take 7 to 10 business days to receive a check.
Until the insured age 100
Yes, with a but. As long a a beneficiary is named for the policy and that beneficiary is alive then creditors cannot touch the proceeds. If a beneficiary is NOT named or has died, then the benefits are paid to the INSURED persons estate. A persons estate will go to their next of kin, but NOT before creditors take what is owed to them.
The proceeds of the insurance policy are not effected as long as there is a named beneficiary. If the estate is the beneficiary than the proceeds are subject to probate and taxation.
it will go to probate and the courts will have a long list of things for you to do before any money is awarded.
Do you have the policy owner's permission?
If you are the insured you can change the beneficiary at any time as long as it is not an irrivocable beneficiary and there is insurable interest
120 days
if you have our executors you will never get your money
Depend on the items and size of the estate ( this can take from a month to years and years). Once all accounted for the legal process can be done in a couple of weeks to a month.
how long it takes to send or receive swift money
Once the company receives your signed surrender form it should take 7 to 10 business days to receive a check.
it would fall back to his estate. as long as the wife inherits the estate she will get it, but the amount will then be taxable. if she was the beneficiary of the policy or if the trust was still solvent the money would be tax free.
Until the insured age 100
You should contact the legal department of the insurance company and ask for its advice. The company may initiate a search for the beneficiary with the resources at its disposal.