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If a Beneficiary is deceased who is entitled to the Policy if no secondary beneficiary is named?
Wiki User
∙ 13y ago
The policy will be paid to the decedent's estate if there are no named beneficiaries or if the ones named have predeceased. the legal spouse or next of kin
Wiki User
∙ 13y ago
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What is the difference between a primary beneficiary and a tertiary beneficiary?
A tertiary beneficiary is only entitled to proceeds if the primary and secondary beneficiaries are no longer living.
If no beneficiary named who is entitled to the wedding rings?
The daughter of the deceased generally gets the jewelry.
When there are 2 beneficiaries why are the survivors of the 1st beneficiary entitled to life insurance claim and not the 2nd beneficiary?
The actual claim paymet would go the the estate of the deceased and distributed according to his/her will.
If you are not listed as a beneficiary on your fathers life insurance policy are you entitled to anything?
You are entitled to no proceeds from the life policy if the beneficiary or contingent beneficiary is still alive.
Is the executor of a deceased beneficiary entitled to the Policy?
In case of demise of the life insurance policy holder, only the NOMINEE is the beneficiary to get the amount. In case nomination is not done, the legal heir of the deceased person can apply before the insurance authority for the death benefit.
Is wife entitled to deceased husband insurance policy if she is not named on it?
If the wife is not named as a beneficiary then she would have no claim on the policy proceeds.
What if a spouse dies and you may be a beneficiary to their 401k but you divorced 10 years ago are you still eligble?
IF you are still the beneficiary on file for your ex-spouse then you are legally entitled to that money. If there was an updated beneficiary that lists other people as the beneficiary then you are not. On caveat is if you are listed as the beneficiary and the ex-spouse has a will in place that leaves the account to someone else, then you are not entitled.
What is the sole beneficiary of a will entitled too?
The sole beneficiary is entitled to any assets remaining after the estate has been probated and the debts of the estate have been paid.
Is the sole beneficiary of a will entitled to the deceased persons retirement?
It depends on the terms outlined in the deceased person's will and retirement account. If the sole beneficiary is named as the beneficiary in the retirement account documentation, then they may be entitled to receive the funds. However, if there are specific instructions in the will regarding the distribution of the retirement account, those would generally take precedence.
Insured which is me and beneficary Grandmother died who is entitled to the life insurance benefits?
If you are the insured and your beneficiary died, and you had a secondary beneficiary then the money would go to the secondary. If you had split beneficiaries, then her cut would get funneled to the other beneficiaries. If you didn't have split beneficiaries or secondary beneficiary, the money should go to your estate where your creditors would get first pickings. Therefore, I would get myself to the insurance company (phone, website, broker) and update that policy ASAP.
What is a successor's status in collecting life insurance as verses a beneficiary's?
A successor typically becomes the beneficiary of a life insurance policy if the original beneficiary is deceased at the time of the policyholder's death. The successor would be entitled to the policy's proceeds just like the original beneficiary, as specified in the policy contract.
Can a savings account trust have an age at which the beneficiary is entitled to it?
Yes a savings account trust can have an age when a beneficiary is entitled to it. For example, some people maybe entitled to it at age 18. It is best to contact the bank of the savings account to inquire.
