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Can you purchase life insurance on a friend's huband naming her as the beneficiary without either of them knowing about it?
Wiki User
∙ 16y ago
He would have to fill out a medical questionnaire and sign the application. The insured individual has to consent to having their life insured. The wife doesn't need to know about it, but he would have to.
Wiki User
∙ 16y ago
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If the beneficiary of an life insurance policy dies after the insured without knowing they were a beneficiary who would get the money?
The insurance proceeds would be part of their estate and would pass according to their will or by intestacy to their next-of-kin.
How do tell if your father had life insurance and your brother encashed it without you knowing about it?
If you were a beneficiary under a life insurance policy, you would be notified by the company. If you weren't but your brother was, you have no right to know.
Who benefits from a life insurance policy?
The beneficiary benefits financially from the life insurance policy by receiving the proceeds of the policy. The beneficiary is the person(s) or entity who is designated by the insured person to receive the proceeds from the life insurance policy upon the death of the insured person. The insured person also benefits from knowing (peac eof mind) they have secured financial protection for the beneficiary in case the insured person dies.
What's the best thing term life insurance provides?
Term life insurance provides the protection in knowing ones beneficiary will be looked after. Should death occur, term life insurance would pay benefits for a set amount of time.
What are the benefits of having a life insurance policy?
Life insurance is a contract between an insurance policy holder and an insurer. The insurer promises to pay a designated beneficiary a sum of money or the benefits upon the death of the insured person. The main benefit for the policy owner is peace of mind knowing that the death of the insured person will not result in financial troubles for loved ones and lenders.
How do i find out if I have life insurance?
Unless you take it out for yourself, any number of people could have taken out insurance on your life without you knowing or telling you about it, so you can ask family members or friends, however, they may not want to tell you, it is quite legal for anyone to take out insurance on anyone.
If someone dies with 10K in credit card debt and no assets but has life insurance does the credit company get the insurance or does it go to the beneficiary?
Death benefits are generally not subject to attachment for creditor debt. States establish laws concerning property that is exempted from creditor seizure. Without knowing the state of residency it is not possible to be more specific. You can find out what property is exempt under the laws of the state where the person lives by searching "asset exemptions". (Example: Florida asset exemptions). In many states the proceeds of life insurance are not part of the estate because they are proceeds of a contract to pay a third-party beneficiary, which promise of payment vests upon the death of the insured, so the insured (and the estate) do not receive any benefit. Since the estate has no beneficial interest in the proceeds of the insurance, the creditors would have no claim for this money (unless, perhaps, a surviving community property spouse is the beneficiary).
What rhymes with knowing more friends?
that's where it ends.
What is the motto of Federated Insurance Company of Canada?
Federated Insurance Company of Canada's motto is 'Knowing Your Business Matters'.
Is it necessary to purchase renters insurance?
yes it is very much necessary to have renters insurance as it gives you a peace of mind knowing that your assets are protected from theft and fire or any natural calamaties. Also if some mishap happens to your apartment you dont have to shell out a money from your pocket to repair or replace it.
How do you write a conclusion on insurance and it's principles?
if i was knowing the answer i haven't asked you
How can you tell if a guy likes you if your not friends with any of his friends or your not a friend of his?
become friends with the guy.. because you cant have a relationship with out knowing him
