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It will state on the life insurance policy the name of the person or persons who are to receive the death benefit. Since a life insurance contract is a legal document, the insurance company is required to carry it out exactly as stated in the policy. The money may be argued over from that point, but the will cannot dictate where the money from a life insurance policy goes.
What else can I help you with?
Do you have to pay taxes on benefits from a life insurance policy in CT?
The benefits from a life insurance policy are treated as part of the estate and subject to the estate tax. They are not subject to income tax.
Are life insurance death benefits part of the estate?
It depends on the policy wording but most do NOT form part of the estate. You will need to ask the insurance company.
Are life insurance benefits subject to confiscation by medicare?
Can Medicaid sieze the benefits of a life insurance policy
Who is JCPenney life insurance through?
JCPenney offers life insurance through its partnership with various insurance providers, primarily MetLife. Employees can access group life insurance options as part of their benefits package, which may include term life and whole life policies. It's advisable for employees to check the specific details and options available through their HR department or benefits portal.
Is health insurance benefits earned income?
No health insurance benefits would not be a part of your earned income.
Is life insurance a scam?
Life insurance is not a scam. There are benefits and drawbacks to having life insurance, it simple depends on the person's needs.
What are the benefits of universal life insurance and what are the possible drawbacks of this type of policy?
What are the benefits of universal life insurance, and what are the possible drawbacks of this type of policy
What are the group insurance benefits offered by this company?
This company offers group insurance benefits such as health insurance, dental insurance, vision insurance, life insurance, and disability insurance to its employees.
Which life insurance will provide death benefits that can change?
whole insurance
How do you find out about cashing in life insurance bond for cash?
answers to my related benefits on my term life insurance
Is life insurance considered part of deceased persons estate when money is owed to loan companys?
If the life insurance has a named beneficiary then life insurance benefits are not subject to debtors claims. If there is no beneficiary or the "estate" of the deceased is the named beneficiary, then loan companies can come after the estate.
What are the benefits for a neonatologist?
Employee benefits for neonatologists include, but are not limited to, medical practice insurance, disabilityinsurance, and life insurance.
