Generally, if the beneficiary is deceased, the proceeds go to the contingent beneficiary, or if none, to the estate of the insured. An attorney must be consulted to direct you on how to handle this in your state.
It depends on whether the beneficiary predeceased the insured. If the beneficiary died before the insured then the proceeds go the the contingent beneficiary. If there is not a contingent, check the contract, it probably is paid to the Owner of the Estate of the Insured.
If the Beneficiary died after the Insured, the proceeds go to the Beneficiary's Estate.
It is important to have a contingent beneficiary specified in your life insurance policy. This way, if the beneficiary passes away, the contingent beneficiary will benefit.
If there is no contingent beneficiary, and the beneficiary has deceased, the proceeds of the life insurance policy, go to the estate and is distributed according to the Will.
In case of death of the policy holder, with beneficiary already deceased and there is no will, the Insurance Company will pay only to the Legal Heir of the Policy Holder. The death claim will be kept in abeyance till the legal heir proves his legal identity to the satisfaction of the Insurance Company.
Life Insurance and EstatesNO, not if the named beneficiary is not deceased. The proceeds of a life insurance policy belong to the named beneficiary not to the deceased. It should not under any circumstances be included in the estate of a deceased or the probate process. If no beneficiary is named or if all beneficiaries are deceased then their is no alternative. When their is no named beneficiary then the value of the life insurance policy reverts to the insured and must then be included as part of the deceased estate
How do you get 1000000 robux for free?
How long does it take regular mail to reach Tennessee from Michigan?
When did women first get the right to vote?
How many times can 18 go into 100?
Translate i miss you in assamese?
What is double 65?
What year woould you graduate high school if you were born in 1968?
What is the world’s oldest soft drink?
How many novels did Charles Dickens write?
What do the colors on America's flag mean?
How did Harry Houdini come up with his stage name?
What is modal fabric?
What were George Washington's false teeth made from?
Who was Yale University named after?
What determines whether you are left or right handed?
Is the graphical analog of a frequency table?
Was Richard Gere ever on Barney Miller?
Is Jeff smith ABC weatherman married?
Is it illegal to pick tiger lilies in Alberta?
What are advantages and disadvantages of micro planning?
Who is th owner of ujeevanam under vaikom muhammed basheer?
Is timothy b schmidt of the eagles gay?
Is child singer Kim Sol Mae dead?