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Can someone other than the owner of a life insurance policy change the beneficiary?
Wiki User
∙ 12y ago
You might wanna check the company of life insurance you have but i think they can't.
Wiki User
∙ 12y ago
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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.
Can a wife have some other than her husband be her life insurance beneficiary in the state of ct?
Sure. The owner of the policy is the only person that can decide who the beneficiary of the life insurance policy is. The owner can also change the beneficiary whenever they want to. This should be standard in every state.
How can the insurance co make a payment to someone else if you are the beneficiary of a life ins?
A life insurance policy has an owner, who is the person who is buying the insurance, as well as a designated beneficiary. Some kinds of life insurance, called whole life, have value as an investment and can be cashed out by the owner if he or she so desires (unlike term life which has only a death benefit and no cash value prior to the death of the insured). Now, you haven't said who this other person is who has received a payment from the insurance company. If it is someone other than either the policy owner or the beneficiary, the only other scenario I can imagine is that someone filed a lawsuit claiming that there was some kind of fraud going on, and that he (or she) is the actual owner or beneficiary of the policy, and not you. If the judge agrees, then the insurance company must comply.
What type of policy can a owner and beneficiary be the same?
In any life insurance policy, though there is provision for appointment of nominee, on maturity the proceeds will be payable to the policy holder if he/she is alive. By this way, the owner of the policy and the beneficiary is the same person.
Is anyone other than the policy owner allowed to make beneficiary changes to a life insurance policy?
No. depends on the policy. usually, the answer is no. however, there are exceptions. For instance, someone with the proper power of attorney could. sometimes, a guardian or conservator can.
If someone is not of sound mind can they change the beneficiary on their insurance policy?
No.
If someone is divorced can he still be the beneficiary on a life insurance policy?
yes. until you change the beneficiary they will stay on there
Who can legally change the beneficiary on a life insurance policy?
The Insured can change the beneficiary on a life insurance contract.
How can you find out if someone left insurance policy and named me as the beneficiary after they passed away?
if someone died and left an insurance policy and named me beneficiary how can i find out
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.
Can a spouse change there deceased spouses beneficiary name on a life insurance policy?
The owner of the policy can change the beneficiary of the policy. If the original beneficiary has died before the insured, the owner of the policy can designate a new beneficiary at any time.
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.
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.
Can you change the beneficiary on an insurance policy?
Yes, if you are the owner of the policy you can make any changes you wish as far as beneficiary or ownership.
Can a life insurance beneficiary change the name themself and release it to someone else?
No, only the person showing as the policy owner can make any changes on a life insurance policy, including changing the beneficiary. In some situations, the beneficiary is also the owner - in that case changes can be made.
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.
In Louisiana does a divorced spouse remain an insurance beneficiary?
Yes, if the owner of the policy does not file a change of beneficiary the insurance will have to pay the proceeds to the person who is named on the policy.
