0
Life insurance policies are extremely flexible. For instance if you have a policy on someone there can also be added to this policy a rider to provide term life insurance to cover the spouse and children if desired. Putting this all on one policy saves some money by having only one policy fee instead of several. The term riders would have a designated beneficiary just like the primary policy on the other spouse. Usually they would be each other but they don't have to be.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
Is surviving spouse the legal beneficiary of a life insurance policy if a different beneficiary is named?
No, the spouse is not. The beneficiary is named. There are laws that require the spouse to sign an acknowledgement that there is life insurance that she is not the beneficiary of.
Who collects when there's no beneficiary on a life insurance policy?
who collects the life insurance in a marriage when one spouse dies and theres no beneficiary on file
How can a person be a beneficiary of a life insurance policy if the spouse of the deceased is still alive?
In rare cases, a person will make a close friend or relative the beneficiary of their life insurance policy instead of their spouse.
Can an ex lay claim to their former spouse's life insurance if a new spouse was named as the beneficiary?
No.
Can a claim on your dead husbands estate also include life insurance to spouse?
If the life insurance policy had listed as the beneficiary the spouse only then it is not considered part of the estate and is not subject to claims. If the beneficiary is the estate then it is subject to claims. The only problem with the spouse being the only beneficiary is if she was a party to the claims personally then perhaps she and the proceeds from the life insurance could be subject to these claims.
If you take out a life insurance policy name your father as beneficiary and then get married but don't change the beneficiary to your spouse does the spouse have any rights to the policy?
No. The beneficiary is whoever is specifically named on the policy.
How do you add a spouse to your life insurance?
Your spouse can get a separate policy (usually cheaper) or you can contact your insurance company to get the right paperwork for adding your spouse. Adding your spouse as a beneficiary, your agent can help.
Does life insurance have to be left to a spouse or can it be left to another beneficiary than a wife?
No, you get to choose.
Can an ex spouse who is the beneficiary on a life insurance policy have the claim denied in new york state?
Under normal circumstances, no. A life insurance company will pay the proceeds to the named beneficiary.
What if no beneficiary is named on a life insurance policy and they have a spouse what happens?
If an insured has a policy where there is no named beneficiary, or the named beneficiary is deceased, then the benefit will be paid to the insured's estate.
Life insurance policy bought before married is the spouse then named benefifiary?
Beneficiary unchanged.
Does Georgia law mandate that your spouse must be beneficiary on your life insurance unless a release is signed?
No, the only requirement is that the beneficiary have "insurable interest".
