If the wife is not named as a beneficiary then she would have no claim on the policy proceeds.
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.
In case of demise of the life insurance policy holder, only the NOMINEE is the beneficiary to get the amount. In case nomination is not done, the legal heir of the deceased person can apply before the insurance authority for the death benefit.
There's a site for that; please see link for search "deceased insurance policy search."
Why would the wife want to do that? Check the Family Law Code in your State - she's probably responsible for any debts that her husband incurs. Check with the Insurance Company - they will probably write a separate policy for the husband. If's it's group insurance - he's probably entitled to his own policy under COBRA - once COBRA expires - he's probably entitled under HIPAA
If she is the beneficiary named on the policy, the insurance company has no other option. They cannot give the payment to anyone else.
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 the husband is the nominee of the wife's life policy,and in case of later's eventuality, he can claim the insurance proceeds and the Insurance Co. is legally bound to pay to the nominated husband.
Yes, The Heirs can buy the policy or the Estate executor can buy a home insurance policy.
The policy proceeds will become part of the decedent's estate.
You are entitled to a wrecked car I guess.Another View: You are entitled to whatever the provisions of your insurance policy are - or the other drivers insurance policy (depending opn who is at fault) - other than that you will have go to court in a civil suit for damages.
If both husband and wife are covered in health insurance policy, then they are entitled to a family discount the quantum of which vary from company to company and is deducted from the total premia amount.
The Insurer will pay only to the Nominated person of the policy, incase of any eventuality. In absense of nominee, the Legal heir will be paid the benefit amount.The identity of the legal heir has to be sufficiently proved,irrespective of listed in the will.