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Is asking the noncustodial parent for life insurance in which the particular child is the sole beneficiary a typical child support negotiation request?
Wiki User
∙ 11y ago
Usually no, you can ask for a trust to be set up in the event that the non custodial parent dies, but you can not require a life insurance policy to be created with the child as the sole beneficiary. In this case, the non-custodial parent can choose anyone they want to. If you are worried about the noncustodial parent dying, I would suggest asking for a trust to be set up. he/she is not required to do it, as I have never heard of a court requiring that.
Another PerspectiveLife insurance is usually made a part of separation agreements when the parents are represented by competent counsel. It is not unusual at all for custodial parents to be concerned that life insurance be maintained with the custodial parent or child being the beneficiary. Even if the parents divorce, the child should enjoy the benefits of having two parents since they brought her into the world and are responsible for her support. Whenever possible a minor child should have the benefit of life insurance to pay for support and education expenses in case either parent dies unexpectedly.
Wiki User
∙ 11y ago
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When a beneficiary is removed on life insurance does the insurance company have to notify the deleted beneficiary?
Well, it's the duty of the Insurer to intimate the deleted benficiary in writing about deletion of his/her name from the beneficiary name of the particular policy,to avoid confusion in future.
Do you have to have a beneficiary on your health insurance?
In general, no. You only need a beneficiary for life insurance.
Can you have a secondary beneficiary on your life insurance?
Yes, you can have a secondary beneficiary on your life insurance policy. If the primary beneficiary is no longer living when you pass away, the secondary beneficiary would receive the proceeds from your life insurance policy.
Who receives life insurance the beneficiary or absolute assignee?
beneficiary
Is surviving spouse the legal beneficiary of a life insurance policy if a different beneficiary is named?
No, the spouse is not. The beneficiary is named. There are laws that require the spouse to sign an acknowledgement that there is life insurance that she is not the beneficiary of.
Who can legally change the beneficiary on a life insurance policy?
The Insured can change the beneficiary on a life insurance contract.
When referring to life insurance what is the definition of a beneficiary?
When referring to life insurance, a beneficiary is a person specified by the contract holder. This beneficiary will receive the benefits if the primary beneficiary has died at the time the benefit is to be paid.
Can you contest a life insurance beneficiary change?
The owner of a life insurance policy has the right to choose the beneficiary. Another person has no power to change that choice.
If you purchase life insurance policy on your adult child naming myself as beneficiary can adult child change beneficiary?
The purchaser of an insurance policy names the beneficiary.
When talking in life insurance what does contengent mean?
In regards to life insurance, contingent usually means secondary. For example a contingent beneficiary is a secondary beneficiary, not the primary beneficiary. The contingent beneficiary would receive the proceeds from a life insurance policy if the primary beneficiary were not alive when the insured person dies.
Will the insurance company pay the beneficiary if the beneficiary kills the insured?
Not if they found out.
Can a lover be a beneficiary in a life insurance?
You can make anyone you want the beneficiary.
