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Can you own a life insurance policy on your married son and his wife?
Wiki User
∙ 11y ago
Yes, parents and children have an insurable interest, so you can have a life insurance policy on your son and daughter-in-law. If they both happen to die prematurely and minor children will become your responsibility, then life insurance is not only justified, but needed.
Wiki User
∙ 11y ago
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Can a wife take out a life insurance policy on her husband?
yes you can just go to a insurance place and take out insurance policy he will have to be there also,
Can your married boyfriend put your name on his life insurance policy?
yes if he wants u to and he would have to tell the insurance company that he doesn't want anything to go to his wife but to u
Can i roll over a whole life policy which my wife and i have had for over 20 years into a term policy of equal or greater value?
Life insurance policies can not be rolled over, only can be replaced. If you want to replace a whole life policy, it only can Be done for another similar product that has a cash Value option. Term insurance does not have a cash value account. So the answer is no, you can not replace a whole life insurance policy for a term. Isidro Garcia-Loera
Can you cancel a life insurance policy your ex wife has on you?
It depends on who is the owner of the policy. The policy owner has complete control of the policy once issued. If you are the owner you can cancel it or just change the beneficiary if you want. If she is the owner forget it. You have no say so on the policy.
Meaning of life insurance?
the meaning of life insurance is giving a husband or wife a chance to murder the other for the money
Can a wife take out a life insurance policy on her husband?
yes you can just go to a insurance place and take out insurance policy he will have to be there also,
Do you have to provide life insurance for your x-wife?
No. If you had life insurance before you got divorce, you can cancel the policy.
Can your married boyfriend put your name on his life insurance policy?
yes if he wants u to and he would have to tell the insurance company that he doesn't want anything to go to his wife but to u
Can husband cash in wife's insurance policy?
If the husband is the nominee of the wife's life policy,and in case of later's eventuality, he can claim the insurance proceeds and the Insurance Co. is legally bound to pay to the nominated husband.
Can an life insurance policy be taken out on your children by the husband and grandmother with out your permission?
can the grand mom and her son take a life insurance policy out on me and his children without my {legal wife} permission
After a couple has been married for 11yrs and have two children they decide to get a divorce does the wife have claim to keep a life insurance policy on her husband if he dies?
Yes, she can legally keep any insurance on him that she is the policy holder (owner) of. However, she cannot apply for any new insurance for him, and if the policy goes "inactive" she may not be able to reinstate it.
Can your ex-wife's grandparents have a life insurance policy on you if you didn't sign anything or have insurable interest in TN if you have kids with your ex and the policy was created before divorce?
If you had life insurance to cover your wife and children, then you may have not realized you could have agreed (if you were divorced) that your wife would continue to have your life insurance policy. I have no idea where the grandparents came into this. Get a copy of the life insurance policy and see a lawyer about this. There is a little more to it and therefore, more complicated. You really need legal advice on this one. Sorry I couldn't help you more.
Who can own a life insurance policy on you?
A husband can buy a life insurance for his wife. Husband becomes the proposer and he is also the beneficiary in case of any unfortunate death of wife. Similarly a working wife can also propose a policy for her husband. Father or mother can take out a life insurance policy for their children. Children cannot take out life insurance policy on their parents name as there is no insurable interest for them to do so. Almost anyone with relationship interest can be the owner of someone else's life insurance policy. The further removed the proposed owner is form the insured, the harder it will be to explain ownership. Note that corporations can also be the owner of policies.
Could your husands ex-wife cash in a life insurance policy on his life even though they were divorced prior to his death and everything was left to you in his Will?
If she's still the beneficiary, yes. The life insurance policy is completely separate from the will.
Can a husband change his life insurance policy from his ex wife to his new wife in the state of OhioIt is stipulated in the dissolution that the ex wife is to remain benificiary any way to change it?
You must keep the life insurance policy that was discussed in the divorce until your ex remarries. But there is nothing to keep you from buying a new policy and making your new wife ITS beneficiary. That has nothing to do with the divorce decree.
Does the 1st wife receive full benefits from a life insurance policy even if they are divorced?
The circumstances can vary greatly here. It will depend on what the conditions of alimony are, for one. If the ex-husband isn't required to keep the ex-wife as a beneficiary on a life insurance policy, and decides to remove the ex-wife, then the ex-wife will receive nothing.
Can your ex still collect on an old life insurance policy if you die?
it depends how they died
