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If a life insurance policy owner dies what happens to the policy?
if the owner of a life insurance policy dies and the policy is on her son. What happens to the ppolicy and is it part of the estate.
What happens if you are named a benificiary in an insurance policy but the will says different?
The will has no relationship to the insurance policy. The Policy is a contract between the insurance company and the insured and does not become a part of the estate.
What happens at the end of a term life insurance policy?
At the end of a term life insurance policy, the coverage expires and the policyholder no longer has insurance protection.
If insurance policy states one beeficary what happens with multiple people on a will?
Benefits paid from an insurance policy are separate from property that is left in a will. With an insurance policy, it is paid to the named beneficiary. That is not controlled by the wording of a will.
What happens when your car insurance is cancelled by the insurance company?
What happens is that you get a new insurance policy, possibly with another insurer. Any unearned premium will be returned to you by your insurer.
What happens when your homeowners insurance gets cancelled?
Most people just buy another insurance policy somewhere else. That is usually what happens.
What happens if life insurance policy is canceled?
You no longer have insurance cover - if you happen to die then there is no payment made.
What happens when you have insurance at the time of an accident and then it gets cancelled does the insurance still cover the accident?
Yes it does. The cancellation of an insurance policy is not retroactive.
If you purchased property and the survey was incorrect by 25 acres what does the title insurance do?
The title insurance company is liable for the legal description that was insured at market value/amount of your policy
What happens if the sole beneficiary on an insurance policy dies before that person and the policy is never changed?
It goes to the estate
What happens if a life insurance policy fails to meet the federal definition of life insurance?
loss of tax treatment
What happens to the proceeds of a life insurance policy if there is not a named beneficiary?
The life insurance benefit will be paid to the deceased's estate.
