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

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2007-11-01 19:29:17
2007-11-01 19:29:17

The purchaser of an insurance policy names the beneficiary.

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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.


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.


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.


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.


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


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


I went and insured myself with insurance today.


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Depends on your insurance, I am coming to that situation myself. I plan on calling my insurance agent


i dont know im tryin to work it out myself


I cannot change my statement address myself


PMI is not a product that you purchase from an insurance agent like myself. It is an insurance policy that covers the bank if your mortgage is foreclosed on. Generally PMI is required by the bank if you are financing 80% or more of the value of the home. The insurance covers the bank but you are required to pay the premiums. After your mortgage balance falls below 80% of appraised value you can and should drop the coverage. The bank will not notify you of this so you have to tell them.


State Farm, for instance, does sell life, auto, and homeowners' insurance.


Yes it is. I myself have bought one


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i am trying to figgur it out myself


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one can get the disability insurance policy through work if the job offers it, Wisconsin is where the policy is available.



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