No, you can get him to change the beneficiary and then the money that is claimed will be yours if it has been changed by your husband to your name.
I am the wife
The owner of a life insurance policy has the right to choose the beneficiary. Another person has no power to change that choice.
No. He has the right to change the beneficiary at anytime if it is not irrivocable. Michael Hartmann FindYourPolicy.com
No. The proceeds will be paid to the named beneficiary.
You can protest but the insurance company will pay the proceeds to the named beneficiary.
If the life insurance policy had listed as the beneficiary the spouse only then it is not considered part of the estate and is not subject to claims. If the beneficiary is the estate then it is subject to claims. The only problem with the spouse being the only beneficiary is if she was a party to the claims personally then perhaps she and the proceeds from the life insurance could be subject to these claims.
No, only the policy owner (usually the insured) can decide who the beneficiary is on a life insurance policy. Life insurance has nothing to do with a will or estate distribution after someone's death. That's why it is imperative to keep the beneficiary section updated constantly based on the life changes; too many people who get divorced forget to update their life insurance beneficiary on the policy and benefit may go to the ex-spouse. Life insurance companies are bound by the contract that is the life insurance policy to only pay the beneficiary specified on the policy. If all beneficiaries specified on the policy are deceased, then the benefit will be paid to insured's estate.
If I m listed on my ex husbands employee life insurance after 10 years can i keep it. Check was issued to me
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.
In general, no. You only need a beneficiary for life insurance.
The Insured can change the beneficiary on a life insurance contract.
Yes! The beneficiary on a life insurance policy does not have to be included in a will in order to receive the life insurance benefits.
beneficiary