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What else can I help you with?
Do you know anyone in the insurance business?
I do know someone in the insurance business. The lady that lives across the street sells insurance for State Farm.
Can merrill lynch distibute funds to someone other than beneficiary named?
Merrill Lynch, like other financial institutions, is generally required to distribute funds according to the terms outlined in the account holder's estate plan or beneficiary designation. If a beneficiary is explicitly named, the institution typically cannot distribute funds to anyone else without legal authority, such as a court order or a change in the beneficiary designation. It’s advisable for the involved parties to consult legal counsel for specific situations.
What happened to Midwest life insurance of Lincoln nebraska?
I am also looking for information. Does anyone have any info?
Is liability insurance on property that is not being lived in necessary?
Yes. If anyone is injured on that property, even if there without permission, the owner may be held responsible.
What is assigning life insurance?
One example of assigning Life insurance is if a court orders you to assign your life insurance to a former spouse. Another example is if you were terminally ill, you could assign a viatical company who would pay you a portion of the policy and after your death the company would receive the benefits. Anyone thinking about this should consult a lawyer.
Can a lover be a beneficiary in a life insurance?
You can make anyone you want the beneficiary.
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.
Can your ex spouse be on your insurance policy?
You can name anyone as beneficiary.
Can anyone be the beneficiary of a life insurance policy?
Yes. Anyone can get a policy on another family member.
Can anyone contest a life insurance if you are not listed as a beneficiary?
No, only the policy owner (usually the insured) can decide who the beneficiary is on a life insurance policy. Life insurance has nothing to do with a will or estate distribution after someone's death. That's why it is imperative to keep the beneficiary section updated constantly based on the life changes; too many people who get divorced forget to update their life insurance beneficiary on the policy and benefit may go to the ex-spouse. Life insurance companies are bound by the contract that is the life insurance policy to only pay the beneficiary specified on the policy. If all beneficiaries specified on the policy are deceased, then the benefit will be paid to insured's estate.
What are beneficiaries in an insurance policy?
People or organizations you want to receive money in the event of your death. They do not have to be related to you and you can name anyone as a beneficiary.
Who can be a beneficiary?
Anyone the policy owner names can become the beneficiary.
Who can be beneficiary?
Anyone the policy owner names can become the beneficiary.
Can you sue the insurance agents for giving you the wrong advice on changing beneficiary?
The beneficiary of a life insurance policy is solely up to the policy holder. It's not very likely that the insurance agent would give advise other than to inform the policy holder that they have the right to designate any person they wish as their beneficiary. Although you could certainly sue almost anyone for almost anything, Winning the suit is another matter.
Is your husband's ex-wife legally entitled to life insurance benefits in the state of California?
If she is the beneficiary named on the policy, the insurance company has no other option. They cannot give the payment to anyone else.
What happens if the beneficiary of a life insurance policy is not the spouse- does the spouse need to sign a spousal consent?
Are you referring to a group policy offered through work or an individually owned life insurance policy? For individual life insurance policies, the owner of the policy has complete control and can name anyone they like as the beneficiary, and the owner does not need spousal permission to do this.
When adult children refuse to buy life insurance can their parents purchase it for them without the childrens knowledge?
Life Insurance cannot be purchased on someone that is not aware. They do have to sign paperwork and the beneficiary must have a insurable interest. This prevents anyone from taking out insurance on someone and signing themselves as the beneficiary. When the child is concidered an Adult, they are responsible for getting their own. Unfortunately this is the case.
