Can you collect pension money after my brother commited suicide
Wiki User
∙ 2012-07-04 12:25:52Sure. The beneficiary will be responsible for any taxes due on pension payments.
No
No, suicide is an exclusion where a death benefit is concerned.
If the insurance policy is older than two years of contestability period, then a benefit will be paid to the beneficiary.
No. I don't think suicide is not covered by any insurance policy in any state/country. Suicide is willful and intentional killing of oneself and no insurance company will cover it. So, your beneficiary will not get even a single penny if you commit suicide.
In most cases the pension will override. It is a private contract that is independent of what the will says.
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Your beneficiary can collect benefits from your insurance policy if you commit suicide if, 1. Your policy provisions for payout in the event of suicide. 2. Your waiting period has been satisfied if stipulated by your insurance carrier and policy. Read your policy carefully and contact your policy carrier for assistance and clarity as it relates to your policy.
If you are the beneficiary of a life insured person who committed suicide, and the policy was older that two years (depending on what company and state), then yes.
Yes and the distributions from the pension plan will be taxed to the beneficiary in the same way that they would have been taxed to the deceased.
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