answersLogoWhite

0


Best Answer

The purchaser of an insurance policy names the beneficiary.

User Avatar

Wiki User

βˆ™ 2007-11-01 19:29:17
This answer is:
User Avatar
Study guides

selection process for all federal judges

appellate jurisdiction vs original jurisdiction in federal courts

how did the 14th amendment affect civil liberties in the united states

what term describes the view that only fundamental bill of rights protections should apply to the statesΒ 

➑️
See all cards
4.07
β˜†β˜…β˜†β˜…β˜†β˜…β˜†β˜…β˜†β˜…
57 Reviews

Add your answer:

Earn +20 pts
Q: If you purchase life insurance policy on your adult child naming myself as beneficiary can adult child change beneficiary?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Can i buy term life insurance on myself and make a friend the beneficiary?

Yes you can.


Does the law require that I provide life insurance on myself for spousal support after divorce?

Laws vary from state to state and other countries. The divorce decree can specify that the spouse be named a beneficiary on a life insurance policy of a certain amount.


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.


Can I name myself as the beneficiary of my own life insurance?

Other than naming a Trust in your name as the beneficiary, writing a life policy in your own name wouldn't be written. If naming yourself as the benficiary, the death benefit would be paid into your estate. An insurance company would not write a policy in this manner since an "insurable interest" is required prior to binding a life policy.


When was Change Myself created?

Change Myself was created in 2009.


Can my husband's company make me cover myself with insurance just because I work and am offered insurance?

No


Can I use my Auto Insurance Card to bond myself out of jail?

== ==


Can you sell a revocable living trust?

If I am the beneficiary of a revocable living trust which is specific and only has one house in it can I assign my beneficiary rights to some one else? Also can I draw a note between myself and the person whom I am assigning the note to for the sales price and record a trust deed against the note. I live in Utah. I other words I am selling or assigning the trust which owns the house. The trustee will remain the same, only the beneficiary will change.


how to be an independent stna and charge the insurance company myself?

Try to be yourself and get all the stna and charge the insurance company


What sentence can you write for insure?

I went and insured myself with insurance today.


What kind of insurance should I get to protect myself when driving a rental car?

Generally your major credit card will cover you in a rental vehicle. If you want to be extra saf or have a feeling something's gonna happen, you can purchase additional insurance from the rental company, though this is generally considered unnecessary.


where to get name change forms, can i do it myself?

I'm an adult and i want to change my last name how do i do this myself. I live in Florida

People also asked