The child was the beneficiary of the old man's kindness.
Sure it is legal. Can't you be the beneficiary of your Dad's life policy and own one on your wife, yourself and your kids too? You could also be the beneficiary of your dad's policy and own it too!
A creditor beneficiary is one to whome the promisee owes a debt
heir or beneficiary
hopefully the beneficiary had a trust or a will
== == Ask to see the change of beneficiary forms. Verify signatures.
Beneficiary means "one who benefits." In other words, it refers to a person who is being given something in the will.
at what age can a minor be insured in NY state for life insurance
Invest in an index fund, with the child as the beneficiary.
No, the beneficiary designation cannot be changed after the death of the policyholder. The insurance proceeds will be paid to the beneficiary named at the time of the policy issuance.
Any one who benefits from the execution of an insurance policy.
My mom