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When a person dies and has life insurance is there a way to find out how much money was left to the beneficiary if you are not the beneficiary?
Wiki User
∙ 18y ago
I believe if you are the personal representative or executor of the will you would need to contact the life company providing them with original death certificate and probate papers and you ought to be able to find the worth out
Wiki User
∙ 18y ago
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What happens to insurance when beneficiary dies before insured person?
generally nothing. Insured person can name another beneficiary.
What is a 2nd beneficiary of life insurance and retirement plans?
A secondary beneficiary is a person who would receive the benefits of a life insurance policy or retirement plan in the event that the insured person dies and the primary beneficiary has also passed away. Then, the secondary beneficiary would receive the benefits.
When talking in life insurance what does contengent mean?
In regards to life insurance, contingent usually means secondary. For example a contingent beneficiary is a secondary beneficiary, not the primary beneficiary. The contingent beneficiary would receive the proceeds from a life insurance policy if the primary beneficiary were not alive when the insured person dies.
If a beneficiary of a life insurance policy dies before the insured what happens to the money once the insured dies?
Goes to the beneficiaries heir's or estate.
Does the person who is named as beneficiary on a life insurance policy have to split the money with their siblings if the benefactor dies without a will in Alabama?
Only the person named as beneficiary on the insurance policy will receive money from that policy. Any other monies or other property in the estate would be divided up between the siblings if the parent died intestate (meaning without a will).
If the person that dies listed a beneficiary instead of a son do the benefits go to the beneficiary or the son?
For an insurance policy and/or retirement benefits it goes to the beneficiary designated. For a will, there could be grounds to contest it.
If the beneficiary of an life insurance policy dies after the insured without knowing they were a beneficiary who would get the money?
The insurance proceeds would be part of their estate and would pass according to their will or by intestacy to their next-of-kin.
What happens if someone dies and has no beneficiary on his life insurance policy?
In that case, the money will be kept deposited with the insurance company as unclaimed amount. In absence of the beneficiary, the insurance company can pay the money to the legal heir of the policy holder, but that has to be sufficiently proved in the Court of Law.
If a person dies with no beneficiary listed on their insurance policy who does the money go to?
The money would go into their estate and would pass according to their will. If there is no will the money would pass as intestate property according to the laws of intestacy where the estate is probated.
What is the difference between payee and beneficiary in banking transactions?
payee is a person on whose life expectancy the insurance poilicy is issued. beneficiary is a person who receives the death benefits if the insured dies
What happens if the sole beneficiary on an insurance policy dies before that person and the policy is never changed?
It goes to the estate
The beneficiary died after the policy holder who is also deceased Who is the beneficary spouse or children from previous marriage?
When the policy holder dies, the money goes to the beneficiary. If the beneficiary then dies, THEIR beneficiary then gets the money.
