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Yes, if the owner of the policy does not file a change of beneficiary the insurance will have to pay the proceeds to the person who is named on the policy.

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โˆ™ 2007-11-02 04:03:33
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Q: In Louisiana does a divorced spouse remain an insurance beneficiary?
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Who is the beneficiary in a life insurance contract?

The beneficiary is the person to receive the coverage amount when the person covered by the policy dies. In the first instance, the beneficiary is named by the applicant when application for the insurance policy is made. Unless the beneficiary designation is made irrevocable, the insured is free to change the beneficiary at any time until his/her death. Unless some provision of law or contract renders the designation of beneficiary irrevocable, the beneficiary does not have a right to remain as beneficiary and ordinarily cannot contest a subsequent change.

If an ex-spouse is listed as beneficiary on a life insurance policy does that person remain the beneficiary and receive the money in the state of Georgia?

Generally, yes. A person must be careful to change the name of the beneficiary on their life insurance after a divorce of death of the named beneficiary. You should consult with the attorney who represented the decedent in the divorce to determine the law in your state and whether the divorce decree extinguished the ex-spouse as the beneficiary.

Must spouse be beneficiary of life insurance policy?

No, in most cases you can name whoever you would like as your beneficiary. However, as part of some divorce proceedings a court will require that your ex-spouse remain a beneficiary as part of a alimony/palimony agreement.

How long did Louisiana remain an independent nation?

about six weeks

What are types of insurances that employers can provide and remain profitable?

auto insurance, dental insurance, life insurance, home insurance, vision insurance

If you are divorced can your spouse have a life insurance policy on you?

Yes, but not without your signature. If you had life insurance in force on you prior to your divorce and he was the owner and he wishes to continue paying and remain the benficiary then there is nothing you can do. If you have kids together then you both should have life insurance and name each other as beneficiaries for the benefit and welfare of the children until they are no longer minors. 4lfieguild

When did Lil Wayne and toya get divorced?

they were married on valentines day of 2004 and divorced in 2006 but they remain friends for the sake of their 10 year old daughter reginae

Did Mississippi and Louisiana remain loyal to US during Civil War?

They were part of the Confederacy.

Are Adam Lambert's parents married?

No, his parents have been divorced for years, but remain good friends.

Why did noel Jones get divorced?

Bishop Noel Jones divorced from his wife many years ago. He said he did so in order to remain celibate in his ministry to his church family.

Can Inherited Roth IRA be merged with existing Roth IRA?

No, the inherited funds (beneficiary IRA) have to remain in inherited (beneficiary) form. So the account/funds can only be distributed out of the beneficary IRA as a distribution or transfer to another alike roth beneficiary account at another firm. However, the deceased account can be transferred into the surviving spouse Roth IRA (or transfer to a beneficiary IRA account). A non-spouse doesn't have this option- they can only transfer to their beneficiary IRA account that they opened.

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