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Can the beneficiary collect insurance proceeds if the insured collect illegal rebating from agent?
Wiki User
∙ 8y ago
Though paying rebate to insured by agents is prohibited, that does not hinder in the way of getting insurance proceeds.
Wiki User
∙ 8y ago
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Can Mother-in-laws collect insurance proceeds before children?
insurance proceeds are distributed to named beneficiaries In addition an insurance policy of a deceased that does not have a named beneficiary will be included in the probate procedure and the state's probate law of succession will apply.
Can husband collect life insurance if wife dies unexpectedly?
If the husband was the named beneficiary of the policy, if the policy was in force at the time of death, and if the cause of death was not excluded by the policy, the general answer is "Yes". If the beneficiary was the estate of the wife, the proceeds are paid to the estate. Then, if the husband was a beneficiary of the estate (either by virtue of a Will naming him as beneficiary, or if no Will, through the laws of intestate succession), he may be entitled to all or a part of the insurance proceeds. If the beneficiary of the life insurance policy was someone other than the husband as of the time of the wife's death, proceeds are payable to that person.
What if your name is on the life insurance policy As a tier TWO?
Tier Two [in Beneficiary Designation] refers to secondary beneficiary which also refers to the person, persons, or class of people who will collect the life insurance proceeds in the event of the death of the insured _and_ the primary beneficiary is not alive.
Can you use a certificate of marriage to collect on life insurance?
A certificate of marriage is not required to collect on life insurance. Life insurance proceeds will be paid only to the named beneficiary/beneficiaries on the policy. If all beneficiaries are deceased, then the benefit will be paid to the deceased insured's estate.
Who is eligible to collect life insurance?
The person who is eligible to collect life insurance is the beneficiary. Anybody can be named the beneficiary. There are steps that need to be taken before a person can collect.
Your husband died and had no beneficiary on his life insurance policy how do you collect the money?
You may need to be appointed the fiduciary of his estate because the proceeds will be paid to the estate. You should contact the insurance company for their policy regarding a situation such as yours.
What is a successor's status in collecting life insurance as verses a beneficiary's?
A successor typically becomes the beneficiary of a life insurance policy if the original beneficiary is deceased at the time of the policyholder's death. The successor would be entitled to the policy's proceeds just like the original beneficiary, as specified in the policy contract.
Can your beneficiary collect life-insurance benefits after your suicide in South Carolina?
No
Can debtors collect from a deceased's life insurance policy?
I think you mean "creditors," those who are owed money. Debtors are the ones who owe the money. In Texas, the proceeds from life insurance policies are exempt if a dependent is named as the beneficiary. Otherwise, the funds are not exempt. Of course, the creditor must know about the policy to collect from it.
Can a beneficiary collect life insurance benefits after a suicide in NJ?
If the insurance policy is older than two years of contestability period, then a benefit will be paid to the beneficiary.
Does the executor of will have the right to give out life ins payout?
Possibly. First, if the policy states that the proceeds go to a specific named beneficiary, then the executor has no authority at all over it. In fact the executor has no right to even collect it for that beneficiary. Second, if the policy is payable to the estate, then the proceeds are to be distributed according to the terms of the will, not his own choices. Sometimes insurance is payable to an estate if the decedent names his estate as the beneficiary (highly unlikely) or if the named beneficiaries hav predeceased and there is no one left to receive the proceeds (it does happen but rarely).
Can your beneficiary collect life insurance benefits even there is an outstanding billing in the hospital?
The beneficiary is the only one that can collect benefits unless otherwise specified in the policy such as a rider.
