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Perhaps this question could be rephrased. The answer to the question as posed is: after the death of the insured, the policy becomes void, and the benefits payable. The simple answer is no, you as the owner can not change the beneficiary after the death of the insured (subject of insurance).
The policy holder has the choice to change the name of the beneficiary at any time, including after the death of a named beneficiary. If the policy holder doesn't change the name of the beneficiary after the beneficiaries death, depending on what state you live in it goes to next of kin.
No. The contingency that triggers payment of a life insurance is the death of the named insured. That person could have changed the beneficiary designation prior to his/her death. Even if the policy had given the power to change the beneficiary to another person, the change would have had to be exercised before the named insured dies.
Your life insurance policy should contain a provision that stipulates if the policy covers death by homicide. It really varies from policy to policy, depends on the insurance company, etc.
no
There is no requirement to 'read the will.' The claim against the life insurance policy can be made any time after the death. In many cases it will not be a part of the estate.
No, Homeowners Insurance does not provide the coverage of a life insurance policy.
NO. The beneficiary is only entitled to the death benefit proceeds when the insured dies. The owner of the life insurance policy controls the policy, the beneficiaries, any cash values, and is responsible for premium payments. The owner has the ultimate control of the life insurance policy and can change the beneficiary of the policy at any time...and does not need the beneficiary's permission to do this. LifeInsuranceAdvisors.com
This depends on the Terms and Conditions of the Policy, you will find these on the Policy Document itself.
An endowment policy is a type of insurance policy which has a small savings portion attached to it. Some people choose to sell this policy before it's paid out (as in before the death of the insured) in order to collect the savings portion.
In term insurance, benefits are only payable against unfortunate eventuality of the policy holder within the term of the policy period and are payable to the appointed nominee.
Not usually. However, if there is any suspicion surrounding the death, the policy may not be paid before completion of an autopsy. The life insurance policy should state whether or not the company can request an autopsy.