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What is the best way to assure your children receive your life insurance policy in your death?
Wiki User
∙ 11y ago
You need to do two things.
- Name your children by name on your policy
- Write and properly register your will with you wishes on this mater spelled out.
But remember, if you owe money on your death your creditors get first crack before who you want to get the money.
Wiki User
∙ 11y ago
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Who receives the benefits in a situation with a second to die life insurance policy?
The children or heirs of the deceased will receive the benefits in a situation including a second to die insurance policy. It is also goes by the terms "Dual Life Insurance" and "Survivor-ship Insurance".
What can be added to an insurance policy to allowed the insured to receive a higher benefit?
Double indemnity can be added to an insurance policy to allow the insured to receive a higher benefit.
What can be added to an insurance policy to allow the insured to receive a higher benefit-?
Double indemnity can be added to an insurance policy to allow the insured to receive a higher benefit.
Can you add step children to medical insurance policy?
When you get married, and either spouse has children, those children can be added to the policy. If you have a family plan, step children can also be added to a medical insurance policy.
Can you collect from a Gerber life insurance policy after you turn 21?
Gerber life insurance policies typically require you to be the policyholder to make claims. If you are the insured of the policy, you may be eligible to collect benefits, regardless of your age. It's best to review the specific terms of your policy or contact Gerber Life Insurance directly for assistance.
What can be added to an insurance policy to allow the insurance to receive a higher benefit?
double indemnity. -Chrly
What is a waiver of insurance policy?
I believe you are asking about waiver of insurance policy premium. There are certain insurance policies like children's plans, where even if the policy holder (Parent) is no more, the insurance company would waive off the premium payments and continue to provide the benefits to the policy beneficiaries (Children)
Can a inmate collect money from a life insurance policy?
Yes, even if incarcerated, you will still receive proceeds from a life insurance policy if you are the valid recipient. They will not be able to receive the proceeds if they were the cause of the insured's death.
How old does a beneficiary have to be for to receive payment from a life insurance policy?
at what age can a minor be insured in NY state for life insurance
What is non-participating policy in life insurance?
A policy where the insured does not receive dividends due to non-participation.
Does an insurance policy supersede a will in nc?
An insurance policy and a will are two separate things. The policy is a contract between the insured and the insurance company. The beneficiary of the insurance policy is spelled out in the contract. The insurance company will pay the insurance proceeds to whoever is listed to receive the proceeds. The proceeds from an insuranc policy can be paid into the estate of the deceased and disbursed according to the terms of the will. The issue is who is listed as being the beneficiary of the insurance policy.
Do you have to pay taxes when receive money from homeowner insurance?
Yes it is possible that you could have some taxable income when you receive a reimbursement from your homeowner insurance policy.
