Tell him to shut up and go to the state and figure a way to get the policy back for your son and in Your Name! Keep the faith n best wishes 2 ya. Ya Digg
If no beneficiary is listed on an insurance policy the proceeds will be paid to the decedent/owner's estate.
A person listed as a beneficiary is the receiver of any proceeds from an insurance policy. They are normally named in the policy document or can be named in a will.
Legally and contractually the named beneficiary is the beneficiary.
You are entitled to no proceeds from the life policy if the beneficiary or contingent beneficiary is still alive.
Unless the ex husband changed the beneficiary to someone else, then the insurance money goes to her. It is not really an issue of relationship, but rather the person named is the one who gets it.
If no beneficiary is listed on a life insurance policy then the benefits are payable to the insured's estate. The beneficiary can be changed at any time prior to the death of the insured if this is the person's desire.
If the husband is the policy "owner", and the children are listed as "revocable" beneficiaries, then the change can be made. However, you can be sure [that] when the husband dies, the new beneficiary designation will be challenged. Think carefully about this before you act. Perhaps , assuming the husband is insurable, a new (additional) policy should be purchased naming the new wife as the primary beneficiary.
No, an ex-spouse can't collect a deceased husbands insurance if the first wife is listed as beneficiary even if the fist wife is now deceased. The money will go to the beneficiary's heirs.
No it is not. The beneficiary information is listed on the policy and with the home office of the insurance company, but there is no reporting of it elsewhere.
For an insurance policy and/or retirement benefits it goes to the beneficiary designated. For a will, there could be grounds to contest it.
The word beneficiary is a noun but is also used as an adjective. Examples: Noun: You are listed as the beneficiary on your Aunt Alice's life insurance. Adjective: The beneficiary result of saving your money is that you can afford that vacation.
No. A divorce decree extinguishes any claims the parties have to each other's estates unless some other arrangement is specifically mentioned. If she is not listed as a beneficiary and the insurance proceeds were not made part of the separation agreement then she has no claim whatsoever.