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What else can I help you with?
Does your husband have to be your beneficiary on life insurance?
No. You can have anyone you want be the beneficiary. A trust, church, or any person you choose can be your beneficiary.
What type of policy can a owner and beneficiary be the same?
In any life insurance policy, though there is provision for appointment of nominee, on maturity the proceeds will be payable to the policy holder if he/she is alive. By this way, the owner of the policy and the beneficiary is the same person.
Is the atomic theory changeable?
Any theory is subject to change until proven
Can sexual behavior be changed?
Yes, any behavior is changeable by an act of will. However, sexual orientation/desire is something you are born with and not changeable - but people have the choice weather or not to act on their desires.
Is a beneficiary on any type of insurance responsible for any credit card debt?
The beneficiary is not necessarily responsible, but the estate of the deceased will go through probate. At that time, any outstanding loans or financial obligations will be paid from the estate. This will have the effect of reducing inheritance and will seem to be "you" paying for the debt, but it actually the last bill everyone pays.
What are the responsibilities of a beneficiary?
A beneficiary has no responsibilities. They receive the benefit of the bequest or trust. They would be responsible for any tax consequences.
Does to the issue of deceased beneficiary have the same meaning as surviving issue of beneficiary?
No, not exactly.The issue of a deceased beneficiary includes any issue that has predeceased that beneficiary.Surviving issue means only the issue living at the time of death of the beneficiary.
What are steps in cancellation of pay order?
Any type of Pay-Order / Demand Draft is cancelled by the permission and instructions made by the beneficiary. The customer could only cancel the pay order/ demand draft as the verified signatures of beneficiary are present on the advice.
What is a residuary bequest?
A residuary bequest is a type of bequest made in a will where the testator designates that any remaining assets or property, after all specific bequests and debts have been addressed, should go to a particular beneficiary or beneficiaries. It ensures that the chosen recipient receives any remaining portion of the estate.
Can you discuss who a person's beneficiary is after their death without violating any HIPPA Laws?
Your question is kind of vague but basically if you are the owner or beneficiary of the policy the insurance company will discuss the beneficiary with you.
Can a life insurance beneficiary defer the proceeds to the secondary beneficiary?
Any answer to this question would have two conditions the first being the jurisdiction under which the policy operated. The second condition would be the form in which the insurance payout was proposed it could be either paid direct to the beneficiary or to the estate of the deceased. The important point being why would you want to go about the insurance payout in this manner?
Can a spouse change there deceased spouses beneficiary name on a life insurance policy?
The owner of the policy can change the beneficiary of the policy. If the original beneficiary has died before the insured, the owner of the policy can designate a new beneficiary at any time.
