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The language of the insurance contract can't be altered by the will. If an insured passes away the benefits will go to the listed beneficiary regardless of what the will states. If there is no listed beneficiary (if they pre-deceased the insured for example) then the benefits would be paid into the deceased's estate and would be paid to whoever is named in the will. Please note that this then makes the otherwise tax free death benefit of the life insurance policy subject to estate taxes and would also be subject to the delay and expense of probate.

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Q: What happens if a will states that a certain heir is to inherit all life policies but the beneficiary of the life-insurance policy is not the heir listed on the will?
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Related questions

What happens if the insured is a murder victim?

Most life insurance policies will still payoff, as long as the beneficiary of the policy is not implicated in the murder.


What happens if sole beneficiary dies before estate is settled?

If the beneficiary died after the testator you must review the will to make certain there is no set time period the beneficiary must survive the testator. If there is no such provision then the gift becomes part of the beneficiary's estate.


Why there is there a first beneficiary and second beneficiary?

Incase something happens to the first beneficiary. Such as: they pass away.


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.


What happens if both primary and secondary beneficiary die. Second beneficiary had approved power of attorney to another sibling - what happens then?

A Power of Attorney expires when the principal dies.As for the other queries about what happens when a beneficiary dies you haven't explained what type of beneficiary: life insurance, estate or trust?A Power of Attorney expires when the principal dies.As for the other queries about what happens when a beneficiary dies you haven't explained what type of beneficiary: life insurance, estate or trust?A Power of Attorney expires when the principal dies.As for the other queries about what happens when a beneficiary dies you haven't explained what type of beneficiary: life insurance, estate or trust?A Power of Attorney expires when the principal dies.As for the other queries about what happens when a beneficiary dies you haven't explained what type of beneficiary: life insurance, estate or trust?


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.


What happens to a bank CD when the owner dies?

Beneficiary.


What happens when a beneficiary dies?

his nominee will get his insured amount


What happens is a beneficiary die's but there are other beneificiaries before an estate is settled?

The beneficiary's share goes into their own estate.


What happens to insurance when beneficiary dies before insured person?

generally nothing. Insured person can name another beneficiary.


What happens when the insurance company says one person is the beneficiary and after the paperwork is sent for the deceased they say someone else is the beneficiary?

== == Ask to see the change of beneficiary forms. Verify signatures.


What happens when the beneficiary becomes mentally ill in a will at the time of death of the testator?

The mental status of the beneficiary has no bearing on distribution. If they have been declared mentally incompetent, the inheritance will be added to the trust for the beneficiary.