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If you are the beneficiary how could a friend claim the life insurance through probate?
Wiki User
∙ 18y ago
Under normal circumstances the named beneficiary collects the proceeds from a life insurance policy without court intervention.
Wiki User
∙ 18y ago
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Can i buy term life insurance on myself and make a friend the beneficiary?
Yes you can.
How can a person be a beneficiary of a life insurance policy if the spouse of the deceased is still alive?
In rare cases, a person will make a close friend or relative the beneficiary of their life insurance policy instead of their spouse.
Can you name your friend as a beneficiary?
A person can name anyone they choose to be a beneficiary. This can include a friend, child, spouse, parent or other relative. Some people even name organizations or charities as a beneficiary.
Could a friend be the beneficiary in a life insurance policy?
There's no fundamental reason you can't designate any legal person you want as the beneficiary of your policy. ("Legal person" does not mean that the person is legal, but is meant to include both real people and corporations.)
If a friend or invited guest falls through the attic to floor below is it covered by your home insurance?
If you have home insurance then you should phone your Insurance Adjuster and ask them this question. They have a copy of your insurance policy.
Where can my friend find a company that offers garage liability insurance for his dealership?
A person can find garage liability insurance through their business insurance provider. There are usually several insurance providers that specialize in small businesses.
Can you purchase life insurance on a friend's huband naming her as the beneficiary without either of them knowing about it?
He would have to fill out a medical questionnaire and sign the application. The insured individual has to consent to having their life insured. The wife doesn't need to know about it, but he would have to.
Is an heir a blood relative or can they be a friend or fiancee of the deceased?
An heir does not have to be a blood relative. An heir, also known as a beneficiary, is whoever is listed in a will or trust as a beneficiary. So it could be a friend, or a charitable organization, or a blood relative. It is up to the person making the will or living trust.
If a friend borrows your car and gets in an accident does your auto insurance cover damages?
Depends. If said friend has insurance then in most cases their insurance will cover the damages due to vicarious liability. If the friend does not have insurance, you are then responsible for any damages caused.
Does my insurance cover a friend driving my car?
yes because if you have insurance on your car as long as you name is on the title and you were in the car with your friend most likely the insurance will cover it
Can executor and beneficiary be the same?
Yes, that is often the case when a spouse dies. It saves the estate money.
If a person is driving their parents car under their parents' insurance and lets a friend borrow the car if the friend gets a ticket will the ticket affect the parents' or friend's insurance?
I believe the Parents insurance go up!
