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Can you still receive life insurance money if it is not named in a will?
Wiki User
∙ 13y ago
In order to receive life insurance death benefit money, you must be named as a beneficiary in the life insurance policy with some exceptions.
Some exceptions to this may be:
All the named beneficiaries are not living. In this case, the life insurance benefit would become part of the estate and be paid out according to the will or trust.
If the life insurance was payable to a Trust, then the Trust determines who receives the proceeds.
If the insured party dies and there are no beneficiaries alive and there is no will or trust, then the state probate court would determine who gets the proceeds.
Feel free to ask more.
Brian Lombardo, CPA, Agent
Wiki User
∙ 13y ago
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Can a inmate collect money from a life insurance policy?
Yes, even if incarcerated, you will still receive proceeds from a life insurance policy if you are the valid recipient. They will not be able to receive the proceeds if they were the cause of the insured's death.
How can you get money after a car wreck without insurance?
Who is it that doesn't have insurance (your, or the 'other' person)? If you don't have insurance and are at fault there is no way you can receive any money for the car. If ther other person involved is missing insurance then you will still be covered if you pay for collision or uninsured motorist.
Can you still receive insurance money if in hit and run but no injuries but pregnant?
yes you can because even dough you did not get injured you unborn baby could have
If ex husband dies never changing beneficiary does wife still receive the life insurance benefits?
Whoever is the named beneficiary on the policy will collect the death benefit.
What is the least hours a person can work and still receive company insurance?
That depends on the employer and the employer's insurance policy.
Can an heir receive an advance of money if the party from whom they are to receive the inheritance is still alive?
No. The "heir" has no right to that money whatsoever.
What happens if you have a wreck without auto insurance and still money to the bank?
You'll be ticketed for driving with an invalid registration and driving without insurance, and you still owe that money to the bank.
If you are the step-nephew of an aunt who died and named you as the beneficiary of the life insurance can you still claim it?
If you are the named beneficiary then of course you can claim it!
What happens if the car was totaled in an accident and money was still owed?
That's about it. The car is totaled. The money is still owed. If there was a loan, you'd better have insurance and if you are lucky, the insurance will cover MOST of what you still owe.AnswerYour insurance co. is obligated by law to satisfy any payment up to the policy's limits. If there are money owed after that, you can sue the other driver for the money owed or be sued, whatever applies.
If I'm the beneficiary of life insurance policies of my brother and who named me as beneficiary prior to his marriage and during his marriage do I still have legal rights to this life insurance?
You will receive the death benefit unless your brother has changed the beneficiary. Regardless of marriage, divorce, life changes, etc; unless the insured contacts their insurance company and changes their beneficiary, the money will go to the specified beneficiary; FYI- your brother would not be required to notify you as current (or ex) beneficiary if he changed the policy. Also, many life insurance policies have a primary and a successor beneficiary; the successor is the person who would receive the benefit if something were to happen to both the insured and the primary beneficiary.
If you receive an insurance claim check made out to the body shop and you and you want to make your own repairs can the check be re-issued to you?
The insurance company issues the check in both names, because there is still money owed on the vehicle. In which case, you would not be allowed to make your own repairs.
How can I find out who my Mother named as beneficiery for her life insurance?
If your mother is still living you must ask her.
