answersLogoWhite
Ask
Life Insurance

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?

373839
Answer

Top Answer
User Avatar
Wiki User
2004-12-31 02:42:41
2004-12-31 02:42:41

Part 1. Yes. examples are credit, mortgage life insurance. Part 2. Probably not, but no guarantees.

1
0

Related Questions

User Avatar

The self-employed person who received the fee is responsible for their own income taxes.

User Avatar

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.

User Avatar

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.


Copyright © 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.