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My sister may have collected on a life insurance policy that listed us both as beneficiaries what can i do?
Wiki User
∙ 11y ago
Sue her and the life insurance company that paid her.
Wiki User
∙ 11y ago
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Your daughter has insurance where she works but wants to use your insurance as her primary Can she do this?
If your daughter is listed on your insurance policy and a premium is being collected for her, then she can use your insurance. If not, she will need to use her insurance policy at work.
A parent dies and leaves two children as equal beneficiaries to his estate in his will. One of them is listed as a recipient of an insurance policy. Must he split the proceeds of the insurance policy?
No. The life insurance proceeds pass outside of the parent's will.
What happens if the policy holder dies?
If the owner of an insurance policy is deceased then is should be listed as an asset when it comes to distribution. If the insured dies, then any value would be passed on to any listed beneficiaries.
Can you find out if someone collected on a life insurance policy not knowing the insurance co name etc?
No, and even if you did know the name of the insurance company, it is under no obligation to tell you who the beneficiaries are. I need to know if Mt stepsister fradulently collected on insurances on mother and stepfather
Do insurance companies write separate checks if there are multiple beneficiaries?
Yes, the insurance company will pay the benefit amount to each beneficiary as named on the policy at the percentage listed.
Which of types of beneficiaries in an insurance policy?
primary and secondary
What are types of beneficiaries of an insurance policy?
Primary and Secondary
Does the beneficiary of the life insurance policy have to turn over funds to the estate to pay debt?
I am not an expert but have been involved in my dad's estate. If you are a listed beneficiary on the life insurance policy, it is your money. Unless you are the spouse. Debt does not have to be paid by the beneficiaries. My dad's left over $30,000 in debt. He had a $30,000 life insurance policy that had named beneficiaries. We got the insurance policy and did not have to pay for the debt. Check your state's policy. Go to a free law clinic and verify this info. Good Luck!
A person who is insured is called?
The "insured" refers to a person or persons who are listed on the insurance policy for whom a premium is being collected.
What if 3 people are named beneficiaries on a life insurance policy?
If the insurance company accepted the policy, and unless there are specific provisions for dividing the benefit, it will be equally divided between the three beneficiaries.
What if the executor doesn't pay the beneficiaries of a life insurance policy?
The proceeds of a life insurance policy are paid directly to the beneficiaries without going into the estate of the person. The only way that life insurance proceeds become part of an estate is if the the beneficiary is listed as "Estate of the Insured". In this case any expenses of the estate are to be paid out before the heirs receive a share. If there are beneficiaries on the policy, the life insurance company will pay the beneficiaries directly.
Can a life insurance policy have more than 1 beneficiary?
Yes, you can have multiple primary beneficiaries, and contingent beneficiaries.
