Life Insurance
Retirement Planning
Social Security

Can you be listed as a beneficiary even if your Social Security number is not written on the policy?

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2015-07-15 18:27:11
2015-07-15 18:27:11

Yes

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Anyone who holds a Social Security Card at the time of their death will be listed on the Social Security Death Index.



If no beneficiary is listed on an insurance policy the proceeds will be paid to the decedent/owner's estate.


It should be listed as FICA. Listed next to Federal and State withholding, you'll also see FICA - that is your contribution to Social Security.


If the first person who is listed as the beneficiary does not want the payment it will go to the second person listed. If there is no second person listed it will go to the spouse.



I only found three listed, accident, disability and social security.


Sure you can just be sure and enter your name correctly as it listed on your social security card and your social security number correctly from your social security card. And it does not make any difference who is listed first as the primary taxpayer on the 1040 federal income tax return.


A person listed as a beneficiary is the receiver of any proceeds from an insurance policy. They are normally named in the policy document or can be named in a will.



You are entitled to no proceeds from the life policy if the beneficiary or contingent beneficiary is still alive.



The word beneficiary is a noun but is also used as an adjective. Examples: Noun: You are listed as the beneficiary on your Aunt Alice's life insurance. Adjective: The beneficiary result of saving your money is that you can afford that vacation.


For an insurance policy and/or retirement benefits it goes to the beneficiary designated. For a will, there could be grounds to contest it.



No...each child must have a Social Security number listed on the tax return.


No it is not. The beneficiary information is listed on the policy and with the home office of the insurance company, but there is no reporting of it elsewhere.


Generally, the proceeds will be paid to the named beneficiary. However, the survivor should discuss the situation with an attorney.


Georgia has nothing to do with it, Social Security is Federal. I believe you can collect until 21 or 24 as long as you are in school. You can call Social Security and ask. There will be a phone number listed in the phone book or you can ask online.


If no beneficiary is listed on a life insurance policy then the benefits are payable to the insured's estate. The beneficiary can be changed at any time prior to the death of the insured if this is the person's desire.


It will go to the alternate beneficiary, if one is listed if not it will be paid to the estate to be distributed in the same way as any other money in the estate.


If you are the insured you can change the beneficiary at any time as long as it is not an irrivocable beneficiary and there is insurable interest


IF you are still the beneficiary on file for your ex-spouse then you are legally entitled to that money. If there was an updated beneficiary that lists other people as the beneficiary then you are not. On caveat is if you are listed as the beneficiary and the ex-spouse has a will in place that leaves the account to someone else, then you are not entitled.


If there is a policy on your life the person currently listed as the beneficiary will be paid upon your death. The person listed as the owner of the policy is the only one who has the right to change the beneficiary. Usually the owner and insured are the same person but not always. You may wish to check on this and change the beneficiary if your situation has changed.


Get StartedAlthough most people think of social security as a retirement program, many individuals receive social security benefits because:They are disabled.They are dependent upon someone who receives social security.They are surviving widows or widowers, or children of someone who has died.You will need a special form in order to apply for social security benefits. If can be obtained from your local social security office or by calling toll-free: 1-800-772-1213. The toll-free number for the hearing and speech impaired is 1-800-325-0778. Both of these toll-free numbers are staffed from 7:00 a.m. to 7:00 p.m. every business day.The number for your local social security office is listed in your telephone directory under "Social Security Administration" or "U.S. Government."Information can also be obtained on the internet at www.ssa.gov.



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