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An insurance policy and a will are two separate things. The policy is a contract between the insured and the insurance company. The beneficiary of the insurance policy is spelled out in the contract. The insurance company will pay the insurance proceeds to whoever is listed to receive the proceeds. The proceeds from an insuranc policy can be paid into the estate of the deceased and disbursed according to the terms of the will. The issue is who is listed as being the beneficiary of the insurance policy.

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โˆ™ 2011-09-12 22:30:37
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Q: Does an insurance policy supersede a will in nc?
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Related questions

Does a life insurance policy supersede a will in new york?

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Navy policies are known as Instructions and can supersede a DOD regulation.

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I'm not sure I completely understand your question but I hope this helps. Firstly, you have to purchase insurance in the state where you reside. If you move from Georgia to North Carolina for instance your Georgia insurance policy will meet the minimum requirements for NC but when the policy comes up for renewal it will be non-renewed and you will have to purchase insurance in NC. Most likely the premium will be increased on the GA policy due to you living in a state where they do not normally do business. Using our example, most insurance companies will sell you a policy in NC if you recently moved there with your GA license for a period of time but expect you to change it over within a reasonable time.

Does a Will supersede A Life insurance beneficiary clause?

No, They are two separate legal documents with entirely different purposes. An insurance policy is a contract between the insured and the Insurance company. The insurance company is bound by the contract to pay the beneficiary designated by the insured policy owner. Life insurance proceeds are for the designated beneficiary. Heirs in a will are designated inheritance of estate by the will. A will is not a contract, it is a document of assignment.

What is the cost of bonding insurance in Raleigh NC for a cleaning business?

The cost of bonding insurance depends on the amount of insurance you would like to purchase for your business. You can usually get a policy for a couple hundred dollars.

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It is a composite insurance policy(:

What is the executor on a life insurance policy?

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Yes. but you must purchase a "non owner insurance police" from an insurance company, which is imaginary insurance which doesn't do anything at all for you, if your driving someone else's car, their insurance will supersede it, and if you rent a car they will still make you purchase their insurance, so basically it's a big scam, thank the backwoods hick government in NC.

How can you check your insurance policy at Nippon insurance?

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It is not important to have a life insurance policy.?

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Can you drive a car which has no insurance policy but you have a insurance policy on another car?

Depends on the state and your insurance policy. call your local agent.

Who bought southern life insurance company of greensboro nc and how to i get information on a policy?

Southern Life Insurance became London Pacific Life and Annuity in 1989. It later became Philadelphia American Life. For information on a policy you can visit the company's website at

Is life insuraNCe taxable in NC?


How do you contact durham life insurance company of Raleigh nc?

My father has an old insurance policy with Durham Life Insurance Company Raleigh, North Carolina . All he has is a policy number. . No phone number to contact anyone. Please advise a phone number or best way to contact someone from Durham Life Insurance. Thank you, Nelma Taylor.

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Yes, your agent or the insurance company can provide with a copy of your insurance policy.

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You really need to find a balance of cheap prices while insurance policy, the better insurance policy you get, the more expensive it gets. But the cheaper price the policy, the effectiveness of the policy will suffer.

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A paid up insurance policy is a life insurance policy under which all life insurance premiums have already been paid, with no further premium payments due on the policy.

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Cancel the forced insurance policy and add terms and conditions to your homeowner policy.

Does a homeowners insurance policy have to have the name of the current owners on the policy?

Yes, of course. The current owners on the policy have to pay for the insurance policy, This is why this policy states that it is a homeowners policy.

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Generally an 18 year old is an adult and it his their responsibility to carry insurance on his own vehicle.

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A monthly Insurance Policy is a type of insurance policy that expires Every Month, there is no grace period.

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The person named as the beneficiary on the policy, or on file within the records of the insurance company. James V. Medici, CLU,CLTC Charlotte, NC