Can your wife receive your life insurance benefits even though she is not the beneficiary?
Ddoubt it. Why not make her the beneficiary?
for more info see www.steveshorr.com/life.htm and www.steveshorr.com/estate.planning.htm
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…
Can you litigate against your stepfather if you didn't receive any of your mothers life insurance even though she had a will-letter that wasn't notarised?
If the insured dies and the beneficiary dies a month later without collecting the money who does it go to the beneficiarys heirs or insured heirs?
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.
The state you live in will not impact your eligibility to receive Disability benefits from a Long-Term disability policy. Therefore, Yes you are able to collect Long-Term Disability (LTD) benefits while receiving Social Security (SS) benefits. To be more specific though, whether or not you actually receive benefits from your LTD policy will have everything to do with the wording in the contract. If you have group coverage through work, then it is likely that…
When claiming the death benefit from life insurance are there any fees deducted from the funds owed to the beneficiary?
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.
Could your husands ex-wife cash in a life insurance policy on his life even though they were divorced prior to his death and everything was left to you in his Will?
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; or You receive or are eligible to receive railroad retirement benefits; or You or your spouse (living or deceased, including divorced spouses) worked long enough in a government job…
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…
Long term care insurance offers protection from financial problems brought about by the expensive cost of long term care services that continues to keep rising. Also, this can protect the family members of policyholders from shouldering the expenses of their loved ones. Another thing, this can also be used as asset protection. You may not exhaust all of your money and assets as you receive contract benefits under the policy. Note, though, the the policy…
What advantages are there with regards to insurance for someone who has passed their pass plus test?
An insurance broker differs from an insurance agent in that a broker is considered an agent of the Insured even though he or she may receive a commission from the insurance company A broker may sell the products of a number of insurers whereas an insurance agent has the Insurer as his principal and works in the interest of the Insurer and not the Insured
Can you look for another job while you are on workers compensation even though you don't receive benefits?
Your sister was murdered by her husband who then committed suicide your sister was first beneficiary on policy do her family have any rights to the life insurance death benefits?
Usually it depends on how the beneficiaries were stated on the policy. If she left all to the husband, then since he was the last to die, his beneficiaries would be the ones who count. But, if she died first, the contingent beneficiaries would be the next on the list. I don't know though, if the murder and suicide would affect this.
If you are laid off and will receive a compensation package will you still be able to collect unemployment?
No. Disability benefits are exempt from garnishment by a creditor. Note: Even though such benefits are immune to creditor attachment if the beneficiary comingles their funds in a bank account the judgment creditor can levy said account. If that is done, the account holder(s) must provide documentation to the court as to the amount of funds that are exempt. For that reason, it is best to keep all exempted funds in designated separate accounts.
Who is responsible for taxes if any on life insurance payout to one beneficiary who will make payments to several relatives as specified in the decendant's unsigned will?
The life insurance payout is not taxable. There may be estate taxes though. The value of the life insurance policy might be in the estate. This can be confusing as some taxes apply and some don't. The interest earned may be income taxable, etc. If there are expenses they should be deducted and then the net amount split up.
What you are referring to is what is commonly called 'survivor's benefits' or 'survivorship benefits'. The spouse, children, and even an ex-spouse could be eligible for these benefits. Every situation is different though and not everyone will qualify or receive these type of benefits. The best place to find your answer is directly from the Social Security website (http://www.ssa.gov/) or by contacting your area office with the question.
Though the words dietician and nutritionist are used interchangeably and they do basically the same work, there are differences. A dietician is trained in a college and is certified through certifying agencies, a nutritionist is not necessarily trained at a college and is not certified by certifying agencies. Some of the benefits of each are: Dietician: Works within the established medical system. Doctors refer their patients to dietitians Would often get insurance and other benefits…
In general, no - the contract between the government and the veteran, which determines which benefits apply, is terminated upon the veteran's death (assuming benefits extended until that time). Though there may have been allowances for dependents, again, the contract is with the veteran and not the dependents. The exception is any SGLI (Serviceman's Group Life Insurance Policy) benefits, which are similar to any term life insurance settlement. It depends solely on those designated by…
The advantages of having a critical illness insurance are many. Just to mention a few this type of illness insurance will cover your illness (if it's eligible. Which your doctor should check before suggesting getting one) no matter what. Knowing that you'll receive full payment without an inconvenience is the biggest advantage though.
Can you receive short term disability from your employer and benefits from car insurance for lost wages at same time?
It depends on the state you live in, the Short Term Disability contract, and other factors. Most employer-sponsored group disability policies will reduce (or "offset") the disability benefit due when STATE-MANDATED "no-fault" wage loss benefits are payable under an automobile insurance policy. On the other hand, many (but not all) employer-sponsored group disability policies will NOT reduce the disability benefit due when the customer purchased wage loss benefits through their automobile insurance that were NOT…
In the state of New Jersey can a husband take his wife off of his life insurance policy as beneficiary without her knowledge or signature?
Generally no. The insured must generally sign the application and take a physical. There are a FEW speciality policies that might do this. Here's ONE. http://www.piu.org/pdf/Confidential%20Life%20501.pdf It won't do spouses though. For more info see www.SteveShorr.com/life.htm Of course he can take her off the policy and he can do that without her notice.He can have anyone at all as beneficiary
You got a speeding ticket for doing 92 in a 70 will the speed you went show up on any insurance forms or any other forms your parents receive?
Computers can receive signals from satellites if they are set up to do so. It won't be the case for all computers though. Computers can receive signals from satellites if they are set up to do so. It won't be the case for all computers though. Computers can receive signals from satellites if they are set up to do so. It won't be the case for all computers though. Computers can receive signals from satellites…