answersLogoWhite

0


Best Answer

A Successor should be named in the policy as a person that personal property and monies will be transferred to after a decedent estate is distributed.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What does being an successor in a life insurance policy mean?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Who is the successor to Stockman's National Life Insurance Company?

If I'm not mistaken the successor to Stockman's National Life Insurance company is World Service Life Insurance company of Forth Worth Texas


It is not important to have a life insurance policy.?

It is not important to have a life insurance policy.


What is the executor on a life insurance policy?

The Policy Holder of a life insurance policy is the executor of the said policy.


How do you research an old life insurance policy?

What do you mean by research? Look at the internet or AM Best ratings - see who the successor company is. Phone customer service and describe the policy. They will tell you its values.


Why are you hearing that some people are being taxed on a life insurance policy?

Scott


Life Insurance Policy?

form_title=Life Insurance Policy form_header=Protect your loved ones with a lifetime of financial security. Find a life insurance policy customized to fit your needs. What type of life insurance policy do you want to buy?= () Term Life Insurance () Permanent Life Insurance () Both () Not Sure How large of a life insurance policy do you want to buy?=_ Who will it cover?=_ Who would you list as beneficiary?=_


Can you get money from your life insurance policy?

You can get money from life insurance in the form of maturity benefit and death benefit (the later being paid to the nominee).


What is portable life insurance?

A life insurance policy is "portable" when upon leaving the group policy, you transfer your life coverage to an individual life policy with the same insurance carrier with no changes to the policy or increase in premium.


What policies are offered by General American Life Insurance?

There are many policies offered by General American Life Insurance. These include the Variable Life Insurance policy, the Condo Insurance policy and the Boat Insurance policy.


Is permanent life insurance the same as whole life insurance?

Technically, there is no insurance policy called as permanent life insurance. However, you can treat whole life insurance policy as permanent since the policy covered the whole life span of the policy holder and benefit is payable to nominee in the event of any eventuality of the policy holder.


How do you locate a life insurance policy?

how do you lacate a life insurance policy that was with southern life and health insurance company 30 years ago


What is ordinary life insurance?

Actually, whole life insurance policy other than endowment,single premia or ulip policy can be called ordinary life insurance policy.