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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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โˆ™ 2015-07-15 18:31:54
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Q: Can your wife receive your life insurance benefits even though she is not the beneficiary?
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Who sees your life insurance payout?

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).


Can out of wedlock child receive insurance benefits from his alleged father?

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


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?

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.


Who was the real beneficiary of holocaust?

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


What if your father died and left your aunt as his beneficiary will you get benefits?

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.


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?

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.


Are life insurance benefits taxable.?

In Canada, the death benefit from a life insurance policy is typically not taxable. However, if you do not name a beneficiary in the policy, the proceeds will go to the estate of the owner. That amount may be subject to probate fees which can be quite substantial depending on the province you reside in.


Can the beneficiary collect insurance proceeds if the insured collect illegal rebating from agent?

Though paying rebate to insured by agents is prohibited, that does not hinder in the way of getting insurance proceeds.


What type of policy can a owner and beneficiary be the same?

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.


When claiming the death benefit from life insurance are there any fees deducted from the funds owed to the beneficiary?

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.


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?

If she's still the beneficiary, yes. The life insurance policy is completely separate from the will.


Does a life insurance company have a legal to inform beneficiaries of an unclaimed policy?

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.


Does the life insurance beneficiary get both the cash value and the face amount?

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.


Can a person collect long term disability benefits while on social security disability in IL?

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 any benefits you receive from Social Security will offset the benefits payable through your LTD plan dollar-for-dollar. In this situation, even though you are able to receive LTD from your company policy, you may not actually receive any from it if you are receiving Social Security benefits equivalent or higher than the monthly benefit it provides. The same consequences apply for Federal Government employees as through the FERS program. Additionally, if you own an individual policy that has Social Insurance offset benefits, then theses benefits will also be offset dollar-for-dollar.If you own an individual LTD policy that does not have Social Insurance benefits than you would be able to collect on Social Security benefits and 100% of the benefits provided through your LTD policy.This is actually one of the main reasons why individual LTD coverage is much better than group coverage.


Does Hershey offer health insurance benefits to the same-sex partners of its employees?

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


Can a religious employee pay their own unemployment insurance in Florida?

Only the businesses pay a payroll tax to the state of Florida, for the state, in turn to pay benefits. You may possibly find private insurance companies that provide individual unemployment benefits, though.


Can you still receive an inheritance is all but one of the beneficiary's refuses to sign off?

Yes. A beneficiary who refuses to release their demands in an estate cannot delay the process for long. The executor can ask for a hearing on the final account and the court will allow it even though all the beneficiaries have not signed releases.


Can men get insurance through Sheilas Wheels?

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.


Are you entitled to your guardian's benefits though you are a ward of the state?

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


What is the difference between insurance broker and insurance agent?

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


What benefits does Aetna's dental insurance cover?

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


What advantages are there with regards to insurance for someone who has passed their pass plus test?

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.


What is a dual policy in insurance?

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.


Can a life insurance agent sell insurance to his spouse?

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.


Is the selling of insurance by banks a threat for insurers?

Bankassurance is not at all a threat to Insurance Companies. Rather they are joining hands with them to tap their existing clientele base. Though direct contact by Agents is more , banks have of late showing inclination in selling insurance products for mutual benefits.

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