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Does the beneficiary get paid if the insurance company did an exam on the insured prior to issuing a life insurance policy but the insured dies due to a liver cancer in the first two years?

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2015-07-15 18:32:11
2015-07-15 18:32:11

Did the insured know he had any issues with cancer? For more info. see http://www.steveshorr.com/wrong.or.imcopmplet.info..htm

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I'm not taking your question lightly, but if YOUR life insurance beneficiary is going to receive money, that means YOU died. Hence, since you would be gone, there would be nobody to notify. The insurance company has to be notified of your death. Your BENEFICIARY or policyowner or executor has to FILE A CLAIM to receive the death proceeds. The check is usually just sent to the beneficiary or beneficiaries. Sometimes things are a little more invovled when there are title questions, like a divorce, or dying intestate, or if the insurance company is notififed of a dispute in court over the ownership. If you're having a dispute, notify the insurnace company of the dispute and the person's death, so they can freeze issuing the proceeds to someone who may be last listed as the beneficieary, but the court finds in favor of another party.

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An ex-wife remains as a "Named Beneficiary" until such time as her ex-husband authorizes the Insurance Company to remove her name as such. If the ex-husband re-marries, his new wife does not stand to benefit from insurance proceeds until he makes the change with the issuing company. A common mistake is for divorced couples to not change their beneficiaries and when a death occurs, the new spouse finds out that the ex gets all the insurance benefits leaving the new spouse with nothing.


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