If you have an insurable interest, you can take out life insurance on your son. Usually, family members, such as children and parents, have an insurable interest in each other. However, your son would have to know about the life insurance, because he may be required to take a physical exam, and answer some health questions to apply for the life insurance. But, you could be the policy owner, and pay the premiums.
mom died need to know if she had a policy.
Your step mother can only change the beneficiary on the life insurance policy if she is the owner of the policy or if she is the trustee of the trust. If she's the trustee then she would need to have the authority to make changes on the insurance policy set forth in the trust document. Otherwise, she cannot make changes in the policy. You haven't provided enough information for a more detailed answer such as who owns the policy and where your step mother "left" those instructions or how she is involved at all.
I just re-read the question, if you are already divorced, the answer is no. But you can get a divorce agreement that each of you needs to maintain a life policy for the benefit of the other if there are kids involved. Talk to your lawyer. 4lifeguild
Normally a policy docment is surrendered to the insurance company to initiate payment. As all insurance companies are different, check with the insurance company whether they have paid out on it and whether they have a time limit on claims.
Yes, your agent or the insurance company can provide with a copy of your insurance policy.
your mother
yes
You can always call your insurance agent and they can order you a new copy of the insurance policy. You might also be able to print the policy from the website.
My name is Gwendolyn Watkins Jefferson. Did my mother, Pearl C. Watkins have a policy on me?
mom died need to know if she had a policy.
Answering "If mother in law is beneficiary on single grownup son life insurance policy does the mother have any rights?"
Sure.
Yes you can. Your mother would have to sign as the applicant, and you as the owner. Also the insurance company may want to know the reason for the policy and its purpose.
No, only the OWNER of the insurance policy can sign the policy over. Sometimes the owner is the insured, but not always.
Yes, your mother can buy a life insurance policy on you because she has an insurable interest in you. And, you can buy a life insurance policy because everyone has an insurable interest in their own life. However, your mother may need your permission and your signature on the application for life insurance that she purchases with you as the insured person.
My best friends mother passed away last August. She had spoke of a life insurance policy that she had taken on herself years before she passed away,however no one in the family knows how to locate it. What steps do the family need to take to find this insurance policy?
If it is your home, just look at your insurance policy. It will always tell you the name of your insurance company.