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If a man names his brother beneficiary of a life insurance policy and not his wife can she still collect?
Wiki User
∙ 17y ago
Depends on the state in which you reside. If you live in a community property state such as California or Washington, the spouse has to have signed off and had the signature notarized for the spousal rights to be waived.
Wiki User
∙ 17y ago
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What does a beneficiary do?
Beneficiary = benefits from Benefits from the execution of a will / payout from an insurance policy etc.
Is life insurance consideredpart of the estate?
If the insurance policy owner did not specify a beneficiary or the beneficiary is deceased, then the life insurance proceeds go to the insured's estate.
Am i the beneficiary of my husband's life insurance?
If he put you in as the beneficiary, then Yes. Look at the policy and find where it says beneficiary to make sure.
Can the owner of a life insurance policy cash it in if he is not the beneficiary?
Yes
Person who receives money from a life insurance policy?
Beneficiary
Can your beneficiary collect benefits from your insurance policy if you commit suicide?
Your beneficiary can collect benefits from your insurance policy if you commit suicide if, 1. Your policy provisions for payout in the event of suicide. 2. Your waiting period has been satisfied if stipulated by your insurance carrier and policy. Read your policy carefully and contact your policy carrier for assistance and clarity as it relates to your policy.
Does Iowa allow ex wife to collect life insurance if they are the beneficiary and the dead spouse had remarried?
Life insurance is usually governed by beneficiary information on the policy. In other words, whoever the beneficiary is on the policy will the one to collect. You may want to consult a local lawyer to confirm this.
Can a beneficiary collect life insurance benefits after a suicide in NJ?
If the insurance policy is older than two years of contestability period, then a benefit will be paid to the beneficiary.
Can your beneficiary collect life insurance benefits even there is an outstanding billing in the hospital?
The beneficiary is the only one that can collect benefits unless otherwise specified in the policy such as a rider.
What documents are needed for a beneficiary to collect life insurance?
The insurance policy and a certified, original copy of the death certificate. If the policy has been lost or misplaced, the insurance carrier can provide the appropriate "lost policy" form.
Who collects the life insurance if the policy holder and beneficiary have died?
If the beneficiary of a policy has died, the estate of the beneficiary can still collect the insurance payment, assuming that the beneficiary does have an heir or heirs of some kind (as most people do). Note that this is a fairly unusual situation, because normally when a beneficiary dies, a new beneficiary is named. There is no reason to allow the policy to have no living beneficiary, unless the insured and the beneficiary happen to die at about the same time, and there is no time to name a new beneficiary.
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 of the policy was named you may have to hope that your father's will included you.
How long after death do you have to collect on a life insurance policy if the beneficiary can not be found?
You should contact the legal department of the insurance company and ask for its advice. The company may initiate a search for the beneficiary with the resources at its disposal.
If ex husband dies never changing beneficiary does wife still receive the life insurance benefits?
Whoever is the named beneficiary on the policy will collect the death benefit.
How can second divorced wife collect deceased husbands insurance policy when first deceased wife of husband is still named beneficiary?
In order to ensure that a wife collects her deceased husband's insurance policy, it is beneficial to transfer the beneficiary of the policy while the husband is still alive. If the beneficiary of the policy is also deceased, it would be wise to seek legal help.
Can you have a secondary beneficiary on your life insurance?
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.
Who is the beneficiary for your life insurance?
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.
