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The only person who can materially change an insurance policy (including beneficiary changes) is the OWNER of the policy, who may or may not be the INSURED. The company does not have right to make a beneficiary change under federal law. In any case, beneficiary disputes are not uncommon. Finding the original policy will not solve this sort of dispute, since the beneficiary designation may have been changed after issue and will not be evident on the original. The insurance company may have acted upon a legitimate request to change the beneficiary, and if so they will (must) have a copy of that change form, signed by the owner's. (A copy of that change was probably sent to the policy owner at the time of the change, but it may have been lost).
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∙ 2013-04-07 03:28:40
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Who can legally change the beneficiary on a life insurance policy?
The Insured can change the beneficiary on a life insurance contract.
What is needed to do to change a beneficiary on a life insurance policy if they have passed away?
Contact the insurance company and request a change of beneficiary form. They will mail the form to the policy owner. You fill it out and mail it back to the insurance company so they can update your life insurance policy.
Who do you contact to change your beneficiary on your life insurance?
You can contact the life insurance company. They should be able to send you the necessary paperwork to change the beneficiary. If you have an agent, they should be able to help assist in the process too.
Can your ex husband cash in on a life insurance policy on you after 35 years?
If he is showing as the beneficiary on your policy - yes. You can call the insurance company or your agent to change the beneficiary.
How can you prevent ex husband from life insurance benefit?
Unless you were ordered by the court, as part of the divorce settlement, to keep your ex-husband as the beneficiary on your life insurance then you can make a change in the beneficiary with your insurance company.
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.
Can someone other than the owner of a life insurance policy change the beneficiary?
You might wanna check the company of life insurance you have but i think they can't.
Can a power of attorney change a beneficiary on a life insurance?
No only the owner of the policy can change the beneficiary.
Do you have to change your will or can you just change a beneficiary for your life insurance?
As long as you did not make your beneficiary irrevocable, you can just change your beneficiary. If your beneficiary is irrevocable you are out of luck unless you can get them to authorize the change.
Your stepmother did not change beneficiary on life insurance to your dad but your dad is deceased who gets the life insurance?
The person named as the beneficiary on the policy, or on file within the records of the insurance company. James V. Medici, CLU,CLTC Charlotte, NC
Can a husband change his wife as beneficiary on a work life insurance policy without her signature in the state of PA?
it usually depends on the company the policy is with. but usually you dont need a signature to change a beneficiary.
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.
