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If you are your ex-spouses beneficiary on a life insurance policy are the ex's children from a previous entitled to a childs' part?
Wiki User
∙ 15y ago
== == It's all a function of who's listed as the beneficiary. If someone doesn't agree and brings a lawsuit about it - The Insurance Company will probably just ask the court to decide -
It would be wise to plan ahead and set up trusts, change beneficiaries, whatever so that the insured's desires are met.
Wiki User
∙ 15y ago
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If you are not listed as a beneficiary on your fathers life insurance policy are you entitled to anything?
You are entitled to no proceeds from the life policy if the beneficiary or contingent beneficiary is still alive.
If there is no beneficiary to your fathers 401k plan are you entitled to anything?
Probably Spouse first, then his Estate then the children.
When there are 2 beneficiaries why are the survivors of the 1st beneficiary entitled to life insurance claim and not the 2nd beneficiary?
The actual claim paymet would go the the estate of the deceased and distributed according to his/her will.
Is wife entitled to deceased husband insurance policy if she is not named on it?
If the wife is not named as a beneficiary then she would have no claim on the policy proceeds.
Is a spouse entitled to part of life insurance benefits even if child is named as beneficiary?
The policy is paid to the beneficiary. It should be placed in trust for the child if the child is a minor. If the child is an adult, the proceeds will be sent to the named beneficiary.
Is the beneficiary also the executor of the life insurance?
No. They are separate. Beneficiaries are those who are entitled to an inheritance. The Executor carries out the will. * A person(s) named as a beneficiary on a life insurance policy receives the money directly from the insurer. Such policies are not subject to probate procedure.
Does only the beneficiary have access to ones death life insurance policy?
NO. The beneficiary is only entitled to the death benefit proceeds when the insured dies. The owner of the life insurance policy controls the policy, the beneficiaries, any cash values, and is responsible for premium payments. The owner has the ultimate control of the life insurance policy and can change the beneficiary of the policy at any time...and does not need the beneficiary's permission to do this. LifeInsuranceAdvisors.com
Is the executor of a deceased beneficiary entitled to the Policy?
In case of demise of the life insurance policy holder, only the NOMINEE is the beneficiary to get the amount. In case nomination is not done, the legal heir of the deceased person can apply before the insurance authority for the death benefit.
Is my sister entitled to part of my estate when I die if I am married with no children?
Make her your beneficiary and put her into your will to make sure she inherits what you want
What is a successor's status in collecting life insurance as verses a beneficiary's?
A successor typically becomes the beneficiary of a life insurance policy if the original beneficiary is deceased at the time of the policyholder's death. The successor would be entitled to the policy's proceeds just like the original beneficiary, as specified in the policy contract.
Is your husband's ex-wife legally entitled to life insurance benefits in the state of California?
If she is the beneficiary named on the policy, the insurance company has no other option. They cannot give the payment to anyone else.
What is the sole beneficiary of a will entitled too?
The sole beneficiary is entitled to any assets remaining after the estate has been probated and the debts of the estate have been paid.
