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No one. Each child will be able to collect their share of the money when they are 18. The money for the minor child will be kept by the insurance company until the minor turns 18. This is why it is not a good idea to name minors as beneficiaries of life insurance policies if the money would be necessary for the upbringing of the child. Either name an adult that you trust or create a life insurance trust to be named as the beneficiary.

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โˆ™ 2005-10-07 02:23:22
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Q: If two children are the beneficiaries on a life insurance policy and one is under the age of 18 who gets the money for the minor child?
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Related questions

What is the law concerning a beneficiary of a life insurance policy?

A life insurance policy for my father included his 3 children one is deseaced does the deseased child children then become heirs?


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If the child is over age 18, then the parent is not responsible for the child's medical bills. The child is legally responsible for anything that the insurance policy did not pay.


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What is the verbiage used in a Per stirpes beneficiary designation?

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Is policy holder health insurance automatic guarantor of step child?

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How do I change the beneficiaries on my life insurance policy to include my children's children in the event of my child is dead?

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When can a minor child receive money from a deceased parents life insurance policy?

No, the insurance company will hold the money and will pay interest on proceeds until the child is of majority age in the state where the children were born.


If you purchase life insurance policy on your adult child naming myself as beneficiary can adult child change beneficiary?

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Can a husband change his wife as beneficiary of his life insurance policy without notifying her in the state of California?

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Can you get a life insurance policy on your child?

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Which age group has life insurance?

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Is a parent the beneficiary of their child's life insurance?

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Is your child covered on insurance if not listed on policy?

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Do step-children have a right to a step-parent's life insurance policies?

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If your child moved out of the house at 18 why can't you take him off your auto insurance?

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How do you keep your njm auto insurance if they threaten to terminate your policy based on your child's driving record?

You have to remove your child from the policy and have them find their own.


Can a minor child have their own insurance policy?

A parent or other adult can purchase insurance for a minor. A minor might not be able to make the payments on a policy.


Can you add a step child to your insurance?

Absolutely; a step child is legitimately a member of a family and can be insured, or can be the beneficary of a family insurance policy, just like a biological child.


When a child's parent receives a lump sum from a life insurance policy is it figured into child support?

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If a 17-year-old has his own insurance in North Carolina will his parents' insurance premiums go up?

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Who covers a child's car insurance with shared custody?

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