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Is the surviving spouse the legal beneficiary of a life insurance policy if no one is named beneficiary?
Wiki User
∙ 11y ago
The policy would default to the Estate. which in most cases the spouse would be the executor of the estate. however, it would have to go through probate court first, so you always want to have a primary beneficiary a life insurance policy.
Wiki User
∙ 11y ago
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Is surviving spouse the legal beneficiary of a life insurance policy if a different beneficiary is named?
No, the spouse is not. The beneficiary is named. There are laws that require the spouse to sign an acknowledgement that there is life insurance that she is not the beneficiary of.
What does it mean when the beneficiary of a life insurance policy is the employer but there's a surviving spouse who is not listed as a beneficiary?
Generally, the proceeds will be paid to the named beneficiary. However, the survivor should discuss the situation with an attorney.
If you take out a life insurance policy name your father as beneficiary and then get married but don't change the beneficiary to your spouse does the spouse have any rights to the policy?
No. The beneficiary is whoever is specifically named on the policy.
Can your ex spouse be on your insurance policy?
You can name anyone as beneficiary.
If beneficary dies before the insured does surviving spouse have rights?
If the beneficiary of a life insurance policy predeceases the insured, the insured should make arrangements to name a new beneficiary. If they do not, the policy proceeds will become part of their estate if they die without naming a new beneficiary. You should consult with the insurance company.
How can a person be a beneficiary of a life insurance policy if the spouse of the deceased is still alive?
In rare cases, a person will make a close friend or relative the beneficiary of their life insurance policy instead of their spouse.
If no beneficiary is named on the life insurance policy is the surviving spouse the default beneficiary?
Life insurance is a great thing: you can ensure that a loved one will continue to have the life style that they are accoustmed to should you pass on. When the policy was applied for, a beneficiary should have been named. The beneficiary can be changed at anytime (just contact the company and ask for a beneficiary change form). But never the less the proceeds WOULD go to a surviving spouse if there is not a designated bene at the time... Just as the rest of your "estate" would (unless you had a trust). A life insurance policy is its own trust/ legal document and would go to the spouse based on your "union" between man and woman. I suggest clarifing your intentions for the proceeds by naming a bene. Good luck What if the deceased also had a minor child who was not the child of the surviving spouse?
In Louisiana does a divorced spouse remain an insurance beneficiary?
Yes, if the owner of the policy does not file a change of beneficiary the insurance will have to pay the proceeds to the person who is named on the policy.
What if no beneficiary is named on a life insurance policy and they have a spouse what happens?
If an insured has a policy where there is no named beneficiary, or the named beneficiary is deceased, then the benefit will be paid to the insured's estate.
In the state of Georgia if a spouse receives life insurance benefits is the surviving spouse responsible for the deceased spouse debt if surviving spouse's name is not on any of the debt owed?
In Georgia, as in most states, life insurance proceeds to a named beneficiary become the property of the beneficiary and are therefore not accessible to the creditors of the decedent. Of course, this does not apply to joint debt between the spouses or any debt solely in the name of the surviving spouse. In short, if the surviving spouse's name is not on the debt of the decedent, the surviving spouse has no legal obligation to pay such debt.
Who collects when there's no beneficiary on a life insurance policy?
who collects the life insurance in a marriage when one spouse dies and theres no beneficiary on file
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.
