if someone died and left an insurance policy and named me beneficiary how can i find out
No.
Contact the insurance company and request a change of beneficiary form. They will mail the form to the policy owner. You fill it out and mail it back to the insurance company so they can update your life insurance policy.
yes. until you change the beneficiary they will stay on there
If its your policy, Just call your agent======== If not, Then NO!
viaticle
Yes. You should also name a contingent beneficiary in case the primary beneficiary predeceases you.
Yes, you can have a secondary beneficiary on your life insurance policy. If the primary beneficiary is no longer living when you pass away, the secondary beneficiary would receive the proceeds from your life insurance policy.
The beneficiary of a life insurance policy is the person or entity designated by you when you apply for the policy and when it is issued by the insurer.
The purchaser of an insurance policy names the beneficiary.
No, only the policy owner (usually the insured) can decide who the beneficiary is on a life insurance policy. Life insurance has nothing to do with a will or estate distribution after someone's death. That's why it is imperative to keep the beneficiary section updated constantly based on the life changes; too many people who get divorced forget to update their life insurance beneficiary on the policy and benefit may go to the ex-spouse. Life insurance companies are bound by the contract that is the life insurance policy to only pay the beneficiary specified on the policy. If all beneficiaries specified on the policy are deceased, then the benefit will be paid to insured's estate.
Typically, only the policyholder has the authority to change the beneficiary of a life insurance policy. Immediate family members would not have the authority to make this change unless they are specifically named as the contingent beneficiary and the policyholder has passed away.
Yes, there is no bar in the insured person being beneficiary on another insurance policy.