Divorce and Marriage Law
Life Insurance

Can your wife receive your life insurance benefits even though she is not the beneficiary?


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2015-07-15 18:31:54
2015-07-15 18:31:54

Ddoubt it. Why not make her the beneficiary?

for more info see www.steveshorr.com/life.htm and www.steveshorr.com/estate.planning.htm

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When a person gets a life insurance policy, they choose a beneficiary who will receive the moneys that are assured. The beneficiary only sees that money, though, if you die pursuant to the terms and conditions of the agreement (i.e. suicide typically does not lead to payout).

There were no 'real' beneficiaries though obviously, there were short-term benefits for the Nazis.

Yep, as long as it can be proven the child is his, it would have to be added to the policy though to take effect

This is in the Life Insurance category, and if the benefits you are talking about is the life insurance, then no, you won't get them. Not if the Aunt was listed as the beneficiary. If you are refering to the estate, than even though your Aunt may have been exclusively named, you as a child are allowed to contest the will. This not a simple formality, though, and will do little more than cause a lot of legal trouble for everyone. Consult with an attorney for advice specific to your situation. Or just respect your father's clearly wrote wishes and leave it alone.

Life insurance beneficiary overrides any will, whether notarized or not. That's why it is important to constantly review the details of life insurance policies and update the beneficiaries as needed.

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In any life insurance policy, though there is provision for appointment of nominee, on maturity the proceeds will be payable to the policy holder if he/she is alive. By this way, the owner of the policy and the beneficiary is the same person.

Death benefits are usually not subject to federal income tax. There are exceptions, though, such as, if the IRS deems your insurance policy to be an investment in disguise. Your insurance agent or accountant should be able to give you guidance.

In that case the benefit would be paid into the beneficiary's estate, though that doesn't necessarily mean their heirs will receive it. However, if there is a contingent (secondary) beneficiary they would receive the benefit.

If there is any outstanding premium, the same is deducted while settling the death claim, though no other fees are deducted from the funds owed to the beneficiary.

Not usually, though I can't say that it is impossible. Life insurance is not regulated like car and home so one particular company could promise you that. Generally the cash value is if the insured cashes in the policy and the face amount is paid to the beneficiary when the insured dies. I was a life insurance agent for 15 years.

Well, life insurer has the legal responsiblity to intimate the beneficiary during maturity of the policy. But though it is not legally binding, the life insurer ought to send reminder to the beneficiary about unclaimed policy amount, to maintain cordial relationship with the insured/beneficiary of the policy.

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Yes. Even though they are based in Pennsylvania, a state where there are no LGBT rights, Hershey does offer these benefits.

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The state would be eligible to receive them as they are caruing for you while you cannot care for yourself.

Men are able to get insurance through Sheilas Wheels.Even though Sheilas Wheels caters to woman they do say that men are welcome also. They warn people though that the benefits are not appreciated by men as much as they are by women.

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Dental insurance from Aetna should cover some basics such as yearly cleaning. It might depend state to state though. here is their site: http://www.aetna.com/plans-services-health-insurance/overview/dental-insurance/dental-insurance.html

Pass Plus tests are sometimes beneficial as they sometimes allow one to receive a discount on their insurance. There is no guarantee one will get the discount though.

Hospital insurance (Part A)Most people age 65 or older who are citizens or permanent residents of the United States are eligible for free Medicare hospital insurance (Part A). You are eligible at age 65 if:You receive or are eligible to receive Social Security benefits; orYou receive or are eligible to receive railroad retirement benefits; orYou or your spouse (living or deceased, including divorced spouses) worked long enough in a government job where Medicare taxes were paid; orYou are the dependent parent of a fully insured deceased child.If you do not meet these requirements, you may be able to get Medicare hospital insurance by paying a monthly premium. Usually, you can sign up for this hospital insurance only during designated enrollment periods.NOTE: Even though the full retirement age is no longer 65, you should sign up for Medicare three months before your 65th birthday.

A Dual life insurance policy covers two people, though independently. It is effectively like having two single policies where cover will pay benefits on the death of both insured.

I personally cannot think of any benefits that are conditional on paying taxes. Unless you consider not being arrested or not having your property being confiscated to be a benefit.

In general he can. The fact that they are married does not, in itself, prevent the transaction. The agent can also be named as the beneficiary. The spouse has an "insurable interest" in the life of the other spouse due to "love and affection". It is important, though, that the insured spouse change the beneficiary in the event of divorce, unless he/she wishes the ex to nonetheless get the proceeds. This is because in general, an insurable interest must exist only at the inception of the policy.

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