Yes. He should name you as the beneficiary and your children as contingent beneficiaries. That way it will not become part of his probate estate.
An ex husband can change his life insurance beneficiary IF there is no court order for him to maintain it as it was during the marriage..from a life agent of 24 years
Unless you were ordered by the court, as part of the divorce settlement, to keep your ex-husband as the beneficiary on your life insurance then you can make a change in the beneficiary with your insurance company.
Have your husband call the insurance agent to make this change.
Change of ownership is not allowed in life insurance policy. Once the policy holder dies, accrued sum is payable to the nominee and the matter ends there. In that case, you are to take policy afresh.
Perhaps this question could be rephrased. The answer to the question as posed is: after the death of the insured, the policy becomes void, and the benefits payable. The simple answer is no, you as the owner can not change the beneficiary after the death of the insured (subject of insurance).
If he is showing as the beneficiary on your policy - yes. You can call the insurance company or your agent to change the beneficiary.
Look at your contract that should have this information in it.
It should be fine as long as your insurance covers drivers not listed on your insurance. You may have to put her name on your insurance. It also depends where she is going to live. I think as long as you put her name on the insurance, it will be fine no matter where it is from.
A convertible term insurance policy works by allowing you to amend the coverage period in return for a change in the premium payable. This is highly useful to businesses with ever changing amounts of stock or who wish to add new premises to their insurance policies
Sure. The owner of the policy is the only person that can decide who the beneficiary of the life insurance policy is. The owner can also change the beneficiary whenever they want to. This should be standard in every state.
If the husband is the policy "owner", and the children are listed as "revocable" beneficiaries, then the change can be made. However, you can be sure [that] when the husband dies, the new beneficiary designation will be challenged. Think carefully about this before you act. Perhaps , assuming the husband is insurable, a new (additional) policy should be purchased naming the new wife as the primary beneficiary.
No, you can get him to change the beneficiary and then the money that is claimed will be yours if it has been changed by your husband to your name.