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Is it possible to be a beneficiary if you are not part of the immediate family and if so will they know you received a payment?
Wiki User
∙ 19y ago
Part 1. Yes. examples are credit, mortgage life insurance. Part 2. Probably not, but no guarantees.
Wiki User
∙ 19y ago
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Who is responsible for payment of self employment tax on fees received by a professional beneficiary?
The self-employed person who received the fee is responsible for their own income taxes.
How do you change ownership of a life insurance policy when insured is deceased?
Ownership cannot be changed after death. All rights and responsibilities of the owner of the policy end at death of the insured. At death, proceeds will be paid out to the beneficiary and if the method of payment was decided before death then payment is set as well. If payment method is not set then the beneficiary can decide how they want to received payment. There are many ways they can receive payment.
How do I get immediate healthcare coverage?
You can get immediate healthcare coverage by contacting an insurance agency and applying immediately. In general, the policy will become active as soon as your first payment is received.
Any statistics on how many life insurance claims are disputed by family members and does the beneficiary dictate payment?
Yes the beneficiary on file gets the payment
What does payment term immediate mean?
what is immediate mean
Can you receive life insurance payment if your in prison?
Yes. The beneficiary of a life insurance payment can always receive the payment regardless of where he or she is.
Can the 1st listed beneficiary deny receiving the death payment If so will the 2nd listed beneficiary receive the money?
If the first person who is listed as the beneficiary does not want the payment it will go to the second person listed. If there is no second person listed it will go to the spouse.
What happens when cash is received in payment of an account?
Received cash from a customer as payment on account
What is the definition of a copay?
When a beneficiary is required to make a payment in addition to the amount that will be paid by the insurer, this is called a co-payment, or co-pay for short. The word co-payment is a noun.
How do you record a credit when no money is received?
Yes, that is possible. For instance a credit could be given to "reverse" a payment made in error.
Who collects the life insurance if the policy holder and beneficiary have died?
If the beneficiary of a policy has died, the estate of the beneficiary can still collect the insurance payment, assuming that the beneficiary does have an heir or heirs of some kind (as most people do). Note that this is a fairly unusual situation, because normally when a beneficiary dies, a new beneficiary is named. There is no reason to allow the policy to have no living beneficiary, unless the insured and the beneficiary happen to die at about the same time, and there is no time to name a new beneficiary.
Can you stop a good for payment cheque?
No. A good for payment is automatically paid to the beneficiary upon the maturity of the check. A bank undertakes the responsibility that it will not stop the payment of the check under any circumstances.
