If he is showing as the beneficiary on your policy - yes.
You can call the insurance company or your agent to change the beneficiary.
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.
Yes as long as he is the owner of the policy...he can do whatever he wishes.
i don't know if he has a policy...how do i find out?
An endowment policy is a life insurance contract where the person gets a large sum of money after a set amount of years. You might cash in an endowment policy as it is a great way to pay off the debt that the insurance purchaser has or had when they were alive.
I would like to cash in my insurance
How do i cash in a gulf life insurance police
You can cash it in.
When an insured person dies, presuming the policy is "in force," and the contestable period is past (two years from the date of issue), the insurance company pays the death benefit to the beneficary(ies). Cashing in a policy usually can only be done by the owner of the policy, or by someone to whom the policy has been assigned, prior to the death of the insured.
You call the insurance company and ask them.
Can you sell a 20 year term life insurance policy which has no cash value
It depends on what policy it is. If it was a whole life policy for which all premiums were paid promptly as agreed in the policy document, then Yes, you can cash it in after the death of the policy holder. For any other type of insurance policy, I would assume the policy has expired or lapsed by now since we are nearly 25 years ahead from 1987. So, in that case you cannot cash in the policy.
Your dad can withdraw the cash value of your life insurance policy if he is the policy owner of your policy. If you have obtained adulthood, you dad cannot withdraw the cash value of your life insurance policy without your consent. If you are minor life assured, your dad as proposer can draw cash value on maturity,provided you will not be adult then.