Generally no. The insured must generally sign the application and take a physical. There are a FEW speciality policies that might do this. Here's ONE. http://www.piu.org/pdf/Confidential%20Life%20501.pdf It won't do spouses though.
For more info see www.SteveShorr.com/life.htm
Of course he can take her off the policy and he can do that without her notice.He can have anyone at all as beneficiary
No. You must have the signature of the insured person.
it usually depends on the company the policy is with. but usually you dont need a signature to change a beneficiary.
No. You can have anyone you want be the beneficiary. A trust, church, or any person you choose can be your beneficiary.
Unless you were ordered by the court, as part of the divorce settlement, to keep your ex-husband as the beneficiary on your life insurance then you can make a change in the beneficiary with your insurance company.
If the husband was the named beneficiary of the policy, if the policy was in force at the time of death, and if the cause of death was not excluded by the policy, the general answer is "Yes". If the beneficiary was the estate of the wife, the proceeds are paid to the estate. Then, if the husband was a beneficiary of the estate (either by virtue of a Will naming him as beneficiary, or if no Will, through the laws of intestate succession), he may be entitled to all or a part of the insurance proceeds. If the beneficiary of the life insurance policy was someone other than the husband as of the time of the wife's death, proceeds are payable to that person.
If he is showing as the beneficiary on your policy - yes. You can call the insurance company or your agent to change the beneficiary.
No, you can get him to change the beneficiary and then the money that is claimed will be yours if it has been changed by your husband to your name.
Yes, all life insurance companies allow the policy owner to name more than one beneficiary at any time.
An ex husband can change his life insurance beneficiary IF there is no court order for him to maintain it as it was during the marriage..from a life agent of 24 years
Her estate will be the beneficiary of the life insurance. You will have to show the Letter of Authorization from the court to the insurance company. They will issue the check to the estate.
Sure. The owner of the policy is the only person that can decide who the beneficiary of the life insurance policy is. The owner can also change the beneficiary whenever they want to. This should be standard in every state.
In order to ensure that a wife collects her deceased husband's insurance policy, it is beneficial to transfer the beneficiary of the policy while the husband is still alive. If the beneficiary of the policy is also deceased, it would be wise to seek legal help.
Whoever is the named beneficiary on the policy will collect the death benefit.
Yes he can. There are three important factors about an insurance policy. The owner, the insured, and the beneficiary. He can be either the owner or the beneficiary if you signed off on it. I would check to see if you are either of those and if you are the owner then you can cancel the policy. If you are the beneficiary then you would be fine.
Actually the odds could be 100% if the woman's husband owned three different life insurance policies naming her as the primary beneficiary for each of the policies. Or, perhaps her parents each owned life insurance policies, as well, and named her as the primary beneficiary.
You must know where he last worked (he could still be working there) so simply phone and ask to speak to him and if he no longer works there you will be told. If he is still dealing with the same life insurance company phone them and let on you may want to bring your husband in along with you and possibly change the policy. They are more apt to give you information on this. Also, your husband must have a copy of that policy so I'd search around the house (if you are still living together) and find it. He may also have a safe deposit box at a bank. Depending on the company, many of them require any beneficiary changes to have the signature of the spouse on them. I've worked for three major companies and they all made me have spouse's signature if the beneficiary was anyone other than the spouse. The above poster is correct. However, if you call the insurance company and say "my husband and I would like to come in and discuss the policy" and your name is still on it they will ask more questions and ask what changes you want to make. If you are no longer on the policy you'll get the run around because they can't legally discuss this policy if you aren't the beneficiary. You'll have your answer.
It depends, sometimes through a divorce the courts force him to have a life insurance policy when there are children involved. Besides that, any insured can change their beneficiary as long as there is an insurable interest.
If the wife is not named as a beneficiary then she would have no claim on the policy proceeds.
There are five basic participants involved in a life insurance contract. # Contract (policy) Owner# Agent# Insured# Primary Beneficiary# Secondary Beneficiary---- The Five Participants: 1. Contract owner The contract owner is the person that actually owns the insurance policy. 2. Agent The insurance company (see notes below) 3. Insured The Insured is the person whose life is being insured. 4. Primary Beneficiary The primary beneficiary is the person who receives the death benefit when the insured dies. 5. Secondary Beneficiary The secondary beneficiary is an alternate beneficiary that will receive the death benefit if the primary beneficiary previously died. ---- An Example: For example, a wife may purchase a life insurance policy on her husband. The wife would be the owner and the husband the insured. She may name their children as the primary beneficiaries. In this case the children, not their mother, would receive the death benefit when their father dies. On the other hand, if the wife had listed herself as beneficiary and the children as the secondary beneficiaries, the wife would receive the death benefit. Then had the husband and wife died together, say - in a car accident; the children, as secondary beneficiaries, would receive the death benefit on the life policy on their father. ---- Notes:There are two parties in an agency relationship: 1. The party being represented - the client 2. The party doing the representing - the agent An insurance agent represents his client - the insurance company. The insurance purchaser is the insurance agent's customer. The purchaser is the client of the insurance company.
The Insurance company is only obligated to the original contract with all the principal parties assigned. I think there is nothing you could do unless, you could prove in a court of law, he was not in the right frame of mind, when he made the beneficiary decision.
Yes. However, who will be the owner of the policy? The husband would have to sign the application and take the exams.
If the husband is the policy "owner", and the children are listed as "revocable" beneficiaries, then the change can be made. However, you can be sure [that] when the husband dies, the new beneficiary designation will be challenged. Think carefully about this before you act. Perhaps , assuming the husband is insurable, a new (additional) policy should be purchased naming the new wife as the primary beneficiary.
Your husband cannot legally obtain life insurance on you without your knowledge. And most companies require at least a cursory physical before agreeing to insure someone.
Unless the ex husband changed the beneficiary to someone else, then the insurance money goes to her. It is not really an issue of relationship, but rather the person named is the one who gets it.
Yes. The owner of a life insurance policy can change the beneficiary at any time. If there are divorce proceedings or child support involved, these things matters often include court orders preventing the change of beneficiaries.