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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.

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โˆ™ 2007-12-06 16:30:35
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Q: Can a husband change his life insurance policy to include his new wife in the state of Washington if it is stipulated in the dissolution that the children are to be the sole beneficiary of the policy?
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Related questions

Do you have to have a beneficiary on your health insurance?

In general, no. You only need a beneficiary for life insurance.


Can a husband change his life insurance policy from his ex wife to his new wife in the state of OhioIt is stipulated in the dissolution that the ex wife is to remain benificiary any way to change it?

You must keep the life insurance policy that was discussed in the divorce until your ex remarries. But there is nothing to keep you from buying a new policy and making your new wife ITS beneficiary. That has nothing to do with the divorce decree.


Can your beneficiary collect benefits from your insurance policy if you commit suicide?

Your beneficiary can collect benefits from your insurance policy if you commit suicide if, 1. Your policy provisions for payout in the event of suicide. 2. Your waiting period has been satisfied if stipulated by your insurance carrier and policy. Read your policy carefully and contact your policy carrier for assistance and clarity as it relates to your policy.


Can you have a secondary beneficiary on your life insurance?

Yes, you can have a secondary beneficiary on your life insurance policy. If the primary beneficiary is no longer living when you pass away, the secondary beneficiary would receive the proceeds from your life insurance policy.


Who receives life insurance the beneficiary or absolute assignee?

beneficiary


Who can legally change the beneficiary on a life insurance policy?

The Insured can change the beneficiary on a life insurance contract.


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.


Will the insurance company pay the beneficiary if the beneficiary kills the insured?

Not if they found out.


Can a lover be a beneficiary in a life insurance?

You can make anyone you want the beneficiary.


How old does a beneficiary have to be for to receive payment from a life insurance policy?

There is no age restriction for a beneficiary on a life insurance policy.


When referring to life insurance what is the definition of a beneficiary?

When referring to life insurance, a beneficiary is a person specified by the contract holder. This beneficiary will receive the benefits if the primary beneficiary has died at the time the benefit is to be paid.


Can you contest a life insurance beneficiary change?

The owner of a life insurance policy has the right to choose the beneficiary. Another person has no power to change that choice.


If you purchase life insurance policy on your adult child naming myself as beneficiary can adult child change beneficiary?

The purchaser of an insurance policy names the beneficiary.


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.


Is life insurance consideredpart of the estate?

If the insurance policy owner did not specify a beneficiary or the beneficiary is deceased, then the life insurance proceeds go to the insured's estate.


Does a beneficiary on a life insurance prevail over a will request?

Yes! The beneficiary on a life insurance policy does not have to be included in a will in order to receive the life insurance benefits.


What does a beneficiary do?

Beneficiary = benefits from Benefits from the execution of a will / payout from an insurance policy etc.


Who is the beneficiary for your life insurance?

The beneficiary of a life insurance policy is the person or entity designated by you when you apply for the policy and when it is issued by the insurer.


What if the beneficiary of a life insurance is deceased?

When a life insurance policy is purchased, the purchaser (usually the insured) designates a primary beneficiary and a contingent beneficiary. The contingent beneficiary gets the proceeds if the primary beneficiary predeceases the insured. The insured can name a new primary beneficiary by contacting the insurance company or the insurance agent. THIS IS ONLY TRUE FOR PURCHASED LIFE POLICIES___ NOT POLICIES THROUGH AN EMPLOYER UNDER ERISA.


What does beneficiary mean for health insurance?

Some health insurance plans offer a AD&D Life Insurance Policy. That is why you would name a beneficiary for a health insurance company.


Does a couple have to be legally married to be a beneficiary for each others life insurance beneficiary for their policies?

No. You can name who you choose as your beneficiary.


Does your husband have to be your beneficiary on life insurance?

No. You can have anyone you want be the beneficiary. A trust, church, or any person you choose can be your beneficiary.


If the beneficiary of a life insurance died before the policy holder do you need a copy of the beneficiary death certificate?

Yes. If there is a contingent beneficiary, the insurance company will need proof that the primary predeceased the principal in order to pay the contingent beneficiary. If there was no contingent beneficiary named the insurance company will pay the proceeds to the principal's estate.


Can an insured person also be the beneficiary on an insurance policy?

Yes, there is no bar in the insured person being beneficiary on another insurance policy.


Who is a beneficiary?

A beneficiary is the person who receives the benefit (usually money) from an insurance policy or a trust.