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The life insurance benefit will be paid to the deceased's estate.

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Q: What happens to the proceeds of a life insurance policy if there is not a named beneficiary?
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What happens to the proceeds of a life insurance policy if the beneficiary is unclear?

When no beneficiary has been designated the proceeds of a life Insurance policy are assigned to the probate estate of the deceased insured. It would then be apportioned by the probate court to any surviving heirs.


What happens if there is no contingent beneficiary for a life insurance policy in Oregon?

In most cases the proceeds will be paid into the estate.


What happens if the sole beneficiary to a life insurance policy dies after the insured dies but before the claim is processed?

The proceeds belong to the estate of the beneficiary.


Does an insurance policy supersede a will in nc?

An insurance policy and a will are two separate things. The policy is a contract between the insured and the insurance company. The beneficiary of the insurance policy is spelled out in the contract. The insurance company will pay the insurance proceeds to whoever is listed to receive the proceeds. The proceeds from an insuranc policy can be paid into the estate of the deceased and disbursed according to the terms of the will. The issue is who is listed as being the beneficiary of the insurance policy.


Can you have a secondary beneficiary on your life insurance?

Yes, you can have a secondary beneficiary on your life insurance policy. If the primary beneficiary is no longer living when you pass away, the secondary beneficiary would receive the proceeds from your life insurance policy.


What if no beneficiary is listed?

If no beneficiary is listed on an insurance policy the proceeds will be paid to the decedent/owner's estate.


What happens if the beneficiary of a life insurance policy is deceased?

Generally, if the beneficiary is deceased, the proceeds go to the contingent beneficiary, or if none, to the estate of the insured. An attorney must be consulted to direct you on how to handle this in your state. It depends on whether the beneficiary predeceased the insured. If the beneficiary died before the insured then the proceeds go the the contingent beneficiary. If there is not a contingent, check the contract, it probably is paid to the Owner of the Estate of the Insured. If the Beneficiary died after the Insured, the proceeds go to the Beneficiary's Estate. It is important to have a contingent beneficiary specified in your life insurance policy. This way, if the beneficiary passes away, the contingent beneficiary will benefit. If there is no contingent beneficiary, and the beneficiary has deceased, the proceeds of the life insurance policy, go to the estate and is distributed according to the Will.


Does the person who is named Beneficiary on a Life Insurance Policy have to split the money if they are sole beneficiary on the Life Insurance Policy however in the Will states that assets be divided?

If the insured has died the proceeds from the insurance will be paid AS STATED IN THE POLICY. The proceeds of the claim are not part of the assets of the deceased's estate.


If you are not listed as a beneficiary on your fathers life insurance policy are you entitled to anything?

You are entitled to no proceeds from the life policy if the beneficiary or contingent beneficiary is still alive.


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 happen when the insured on an ins policy dies without a will?

The proceeds of the insurance policy are not effected as long as there is a named beneficiary. If the estate is the beneficiary than the proceeds are subject to probate and taxation.


What if there is no will or beneficiary on a life insurance policy of the deceased?

The policy proceeds will become part of the decedent's estate.