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What is the beneficiary position on a life insurance policy of someone who is dying?
Wiki User
∙ 13y ago
The beneficiary position is that they will receive the proceeds of the life insurance policy after the death of the insured. Until the death they have no other "position". After the death they must file a claim by contacting the company and following their instructions.
Wiki User
∙ 13y ago
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Buying the beneficiary position on a life insurance policy of someone who is dying is called?
viaticle
How can you find out if someone left insurance policy and named me as the beneficiary after they passed away?
if someone died and left an insurance policy and named me beneficiary how can i find out
Buying the beneficiary position on a life insurance policy of someone who is dying?
For the Dave Ramsey "Name That Investment" worksheet, the answer is VIATICALS. :)
If someone is not of sound mind can they change the beneficiary on their insurance policy?
No.
If someone is divorced can he still be the beneficiary on a life insurance policy?
yes. until you change the beneficiary they will stay on there
What is the procedure for adding someone as beneficiary to a life insurance policy?
If its your policy, Just call your agent======== If not, Then NO!
Can you name someone older than you as your beneficiary on your life insurance policy?
Yes. You should also name a contingent beneficiary in case the primary beneficiary predeceases you.
Can you have a secondary beneficiary on your life insurance?
Yes, you can have a secondary beneficiary on your life insurance policy. If the primary beneficiary is no longer living when you pass away, the secondary beneficiary would receive the proceeds from your life insurance policy.
Who is the beneficiary for your life insurance?
The beneficiary of a life insurance policy is the person or entity designated by you when you apply for the policy and when it is issued by the insurer.
If you purchase life insurance policy on your adult child naming myself as beneficiary can adult child change beneficiary?
The purchaser of an insurance policy names the beneficiary.
Can anyone contest a life insurance if you are not listed as a beneficiary?
No, only the policy owner (usually the insured) can decide who the beneficiary is on a life insurance policy. Life insurance has nothing to do with a will or estate distribution after someone's death. That's why it is imperative to keep the beneficiary section updated constantly based on the life changes; too many people who get divorced forget to update their life insurance beneficiary on the policy and benefit may go to the ex-spouse. Life insurance companies are bound by the contract that is the life insurance policy to only pay the beneficiary specified on the policy. If all beneficiaries specified on the policy are deceased, then the benefit will be paid to insured's estate.
Can an insured person also be the beneficiary on an insurance policy?
Yes, there is no bar in the insured person being beneficiary on another insurance policy.
