How can one fine out if brother had life insurance on father?
If your brother is still alive, ask him. If your father is still alive ask him. If not, call any insurance companies, agents or agencies your family may have done business with in the past and ask them.
How do tell if your father had life insurance and your brother encashed it without you knowing about it?
How can you buy life insurance for your brother who can not afford it if he has children who would need this insurance to cover their expenses?
If my brother and father are dead and father owner of life insurance policy for brother and father named as beneficiary am I beneficiary before my brothers common law wife or my brothers adult son?
Questions that must be considered: (1) Who died first, your father, or your brother? If they both died simultaneously then your brothers's insurance policy wouuld go to your father's estate UNLESS a secondary beneficiary had been named. (2) Who are the named beneficiaries on your brother's insurance policy? It actually makes no difference what their marriage status was, it is the NAMING of a beneficiary that counts, NOT their family status. If no other beneficiary…
A son can not generally take life insurance policy on his father's life because of lack of insurable interest in the life of father. Life insurance works on the principle of insurable interest. A father generally has insurable interest in the life of his child due to emotional reasons. That is why life insurance companies design the products for the children which take care of their education and other expenses once they grow up.
It's like finding out a needle from a heaps of straws ! It's advisable that you contact local branch office of your Life Insurance Company, if they can help you to find out about existence of a life insurance policy of your dead father. Searching by name/address of your dead father over Net may be beneficial.
Do you get cash from your mother's life insurance policy when she dies or does your father get it all?
There are two different types of life insurance policies: Term life insurance and cash-value life insurance. Term life insurance covers the owner of a set period of time, while cash-value policies can be used to build up cash value as an investment. Before signing on the dotted line, speak to a a representative who can guide you through the fine print.
Where to get Life Insurance There are many fine company web sites that make life insurance quotes available on the internet. The problem with most quotes is they fail to ask the right questions or do not know which carriers view certain underwriting issues differently. You are always in a better position to speak with an independent life insurance agent that can give you suggestions on how to make coverage affordable. You may also get…
Yes, you can buy life insurance on your sibling. A brother and sister have insurable interest in each other because of blood or marriage. Therefore, siblings can buy life insurance on each other because there is an insurable interest in one another. An insurable interest must exist at the time the life insurance contract is purchased, not necessarily at the time of loss.
If I'm the beneficiary of life insurance policies of my brother and who named me as beneficiary prior to his marriage and during his marriage do I still have legal rights to this life insurance?
You will receive the death benefit unless your brother has changed the beneficiary. Regardless of marriage, divorce, life changes, etc; unless the insured contacts their insurance company and changes their beneficiary, the money will go to the specified beneficiary; FYI- your brother would not be required to notify you as current (or ex) beneficiary if he changed the policy. Also, many life insurance policies have a primary and a successor beneficiary; the successor is the…
My brother got my fathers life insurance policy and after he died he put the claim in how do i find out about it?
You will need to contact the life insurance company that held the policy. However, be aware due to US Privacy Laws you may not be entitled to receive any information. If proof of death has been shown of the insured (your father in this case) only the beneficiary (s) will be entitled to receive any information. That will depend on whether you were a beneficiary or not.