answersLogoWhite
Insurance
Auto Insurance Claims
Life Insurance

Can a mother make a life insurance claim on behalf of a minor child if they are the named beneficiary?


Top Answer
User Avatar
Wiki User
2015-07-14 16:08:14
2015-07-14 16:08:14

Probably. Check with the claims department of the insurance company. It would be better if a trust had been set up to receive the benefits on behalf of the minor. The Mother may have to go to court to get authorization to sign for the child. For more info see www.SteveShorr.com/life.htm and www.SteveShorr.com/estate.planning.htm

Related Questions

User Avatar

No. If your child is a beneficiary under another person's Will you cannot reject that inheritance on their behalf. The court will see the inheritance is placed in trust for the child. No. If your child is a beneficiary under another person's Will you cannot reject that inheritance on their behalf. The court will see the inheritance is placed in trust for the child. No. If your child is a beneficiary under another person's Will you cannot reject that inheritance on their behalf. The court will see the inheritance is placed in trust for the child. No. If your child is a beneficiary under another person's Will you cannot reject that inheritance on their behalf. The court will see the inheritance is placed in trust for the child.

User Avatar

In most cases, the beneficiary has no specific responsibility to do something with a life insurance payout. However, you should be careful to retain a portion of it to cover taxes that might result because of the income. Additionally, if the recipient of the proceeds gets it on behalf of another person (for example, a parent on behalf of a child), the recipient has a fiduciary duty to hold/use the funds in trust and for the best interests of the intended beneficiary.

User Avatar

No. A named beneficiary will receive the proceeds from a life insurance policy after the death of the insured. That was the decision made by the owner of the policy. An attorney in fact under a POA acts on behalf of a living person called the principal. When the principal dies the POA is automatically extinguished.

User Avatar

The policy is paid to the beneficiary. It should be placed in trust for the child if the child is a minor. If the child is an adult, the proceeds will be sent to the named beneficiary.


Copyright © 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.