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If a beneficiary dies first and then the insured dies which relatives of whom inherits?
Wiki User
∙ 15y ago
It would go the the Contingent Beneficary if listed in the policy or to the Insured's Estate.
Wiki User
∙ 15y ago
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Did Galileo have any relatives?
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Where was the first mountain to be found?
The first mountain was known by the first hominids in Africa.
Was the earthquake first or tsunami first in Japan 2011?
The earthquake was first and caused the tsunami, like when you throw a stone into a pond first and then the ripples go out.
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Is the focus of an earthquake the where the movement first occurs?
the first place where the movement first occurs in an earthquake is the focus.
If there are two beneficiaries and one dies previous to the insured do proceeds go to the surviving beneficiary or half to the dead beneficiary's heirs?
There is no single answer to your question because the facts may be different in different cases. First, the insured should change the beneficiary designation if a named beneficiary dies before the insured's death. That will avoid problems later.A beneficiary designation may include additional instructions when two or more beneficiaries are named. First, the insured can name "contingent" beneficiaries who will take a deceased beneficiaries share- on any life insurance policy. Second, the beneficiaries may be named as beneficiaries "per stirpes" or as "joint with the right of survivorship" where if one dies their share passes to the survivor.You need to check the designations on the particular insurance policy, the policies of the particular insurance company and the laws in your jurisdiction.
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?
Did the insured know he had any issues with cancer? For more info. see http://www.steveshorr.com/wrong.or.imcopmplet.info..htm
Insured which is me and beneficary Grandmother died who is entitled to the life insurance benefits?
If you are the insured and your beneficiary died, and you had a secondary beneficiary then the money would go to the secondary. If you had split beneficiaries, then her cut would get funneled to the other beneficiaries. If you didn't have split beneficiaries or secondary beneficiary, the money should go to your estate where your creditors would get first pickings. Therefore, I would get myself to the insurance company (phone, website, broker) and update that policy ASAP.
Who is the beneficiary in a life insurance contract?
The beneficiary is the person to receive the coverage amount when the person covered by the policy dies. In the first instance, the beneficiary is named by the applicant when application for the insurance policy is made. Unless the beneficiary designation is made irrevocable, the insured is free to change the beneficiary at any time until his/her death. Unless some provision of law or contract renders the designation of beneficiary irrevocable, the beneficiary does not have a right to remain as beneficiary and ordinarily cannot contest a subsequent change.
Why there is there a first beneficiary and second beneficiary?
Incase something happens to the first beneficiary. Such as: they pass away.
How soon does a beneficiary get paid by insurance?
You contact the life insurance company and tell the representative that you want to file a claim. They will want you to provide a death certificate and identification. The death benefit will be paid typically within 60 days. If the insured died within two years of applying for the life insurance policy, the insurance company may investigate and this investigation could easily take 2-3 years or more. If the insured committed suicide, the insurance company will not pay the death benefit if the suicide occurred during the "suicide period" which is typically the first two years after the policy initiation. A beneficiary who contributed to the insured's death will most likely get nothing. A beneficiary who contributed to the insured's death by accident will most likely receive the benefit, but not always. If the accident occurred while the beneficiary was committing a crime, even if the death was an accident, the claim for the death benefit will likely be denied.
What is the name of tradition of first born son inherits?
Primogeniture.
What happens if you KNOW but can not prove that a beneficiary was supposed to be changed Ex wife and current wife name are similar not children from first marriage?
Nothing happens. If it wasn't changed, it wasn't changed. Only the (presumably now deceased) insured can change it.
Is Interstate First Financial of Texas FDI*C insured.?
No, Interstate First Financial is not FDIC-insured. It is now called AmeriLife First Financial. It is not a bank.
The first football player to get a body part insured?
The first football player to get a body part insured was Brett Favre. He got his right arm insured after having torn a tendon in his biceps.?æ
What if the insured of a life insurance policy does not own an estate?
Normally an insured person on a life insurance policy lists another person as his beneficiary. If that person dies first, then when the insured person dies, it goes to his estate. In that case, the term estate does not refer to a piece of land. Estate refers to all of his property: Bank accounts, Insurance policies, unused IRAs, etc. Some of them may be designated and others not. Whatever he owned when he died is his estate as far as the law is concerned.
Who was the very first Medicare beneficiary?
very first medicare beneficiary was Harry S. Truman, the thirty-third President of the United States
