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Is it ethical for the beneficiary to own a life insurance policy on someone else ie beneficiary is making payments on 18 year old son.?
Wiki User
∙ 15y ago
Sure it is legal. Can't you be the beneficiary of your Dad's life policy and own one on your wife, yourself and your kids too? You could also be the beneficiary of your dad's policy and own it too!
Wiki User
∙ 15y ago
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How can you find out if someone left insurance policy and named me as the beneficiary after they passed away?
if someone died and left an insurance policy and named me beneficiary how can i find out
If someone is not of sound mind can they change the beneficiary on their insurance policy?
No.
If someone is divorced can he still be the beneficiary on a life insurance policy?
yes. until you change the beneficiary they will stay on there
Can you name someone older than you as your beneficiary on your life insurance policy?
Yes. You should also name a contingent beneficiary in case the primary beneficiary predeceases you.
How do you report that someone impersonated the insured to change the life insurance beneficiary to themselves?
You google it
Buying the beneficiary position on a life insurance policy of someone who is dying is called?
viaticle
What happens when the insurance company says one person is the beneficiary and after the paperwork is sent for the deceased they say someone else is the beneficiary?
== == Ask to see the change of beneficiary forms. Verify signatures.
What is a bank account beneficiary?
A beneficiary is the person who receives the benefit (usually money) from an insurance policy or a trust.
What is the procedure for adding someone as beneficiary to a life insurance policy?
If its your policy, Just call your agent======== If not, Then NO!
Is wife heir of a life insurance when the beneficiary and the insured dies?
If your wife dies and she has an insurance policy with someone other than you as a beneficiary, then chances are the contingent beneficiary will receive the life insurance payment. Naming at least one contingent beneficiary on a life insurance policy will help ensure that the insurance benefits are not tied up in courts. If you don't name a contingent beneficiary, a line of descendants may be followed, depending on your state or country. You should probably speak with a life insurance agent to get answers to your specific question as it pertains to your country and state.
Can a life insurance beneficiary change the name themself and release it to someone else?
No, only the person showing as the policy owner can make any changes on a life insurance policy, including changing the beneficiary. In some situations, the beneficiary is also the owner - in that case changes can be made.
What happens if someone dies and has no beneficiary on his life insurance policy?
In that case, the money will be kept deposited with the insurance company as unclaimed amount. In absence of the beneficiary, the insurance company can pay the money to the legal heir of the policy holder, but that has to be sufficiently proved in the Court of Law.
