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It is a very simple process, all she needs to do is contact the policy issuers or the insurance agency/agent that wrote the policy.

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18y ago

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What happens if you find additional insurance policies where beneficary listed is absolutely excluded in trust?

In order to find a trust with life insurance proceeds the trust must be named as the beneficiary of the insurance policy. Then the trust documents specify what the funds are used for that are in the trust. If there are other life insurance policies that are still active and have other individuals named as the beneficiaries then the money from those policies cannot be placed into the trust and will be paid directly to the current beneficiary listed with the insurance company. The trust will have no claim whatsoever on these policies. It could be that these policies had their beneficiary changed when the trust was set up and the trust is the current beneficiary of them as well and he just didn't put the change form in the policy. Whatever is on record with the insurance company will be the person that the benefits are paid to no matter what.


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Maryland Southern Life Insurance Company policies are typically held by individuals seeking life insurance coverage in the region. These policies may cater to various needs, including term life, whole life, and other insurance products. Policyholders can include families, business owners, and individuals looking for financial security and protection for their beneficiaries. For specific details about current policyholders, one would need to refer directly to the company or relevant regulatory bodies.


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Answer Yes. The question is not how many policies you have, but the total amount compared to your needs . You can also have different policies from different companies. There are times when the insurance company might question your motives for taking out multiple policies, especially if your current financial situation does not support the need for that much coverage.


How can I upgrade my insurance coverage to better protect my assets and financial well-being?

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No, you typically cannot have two different car insurance policies for the same vehicle at the same time. It is important to notify your current insurance provider if you are considering switching to a different company.