It should be fine as long as your insurance covers drivers not listed on your insurance. You may have to put her name on your insurance. It also depends where she is going to live. I think as long as you put her name on the insurance, it will be fine no matter where it is from.
it means that you now have ownership of the policy as your husband has passed away - in other words if anything happens to your daughter you are the beneficiary.
Change of ownership is not allowed in life insurance policy. Once the policy holder dies, accrued sum is payable to the nominee and the matter ends there. In that case, you are to take policy afresh.
No, a insurance policy can not be changed.....rather it may be alter by assignment ( transfer of the ownership)...
Yes, if you are the owner of the policy you can make any changes you wish as far as beneficiary or ownership.
You must request a "change of" form from the insurance company that issued the policy. Then, the old owner must assign new ownership, and both the old owner and the new owner must sign the form, mail it to the insurance company. Once received and processed, the insurance company will issue an endorsement to the policy, indicating the change of ownership.
How do i cash in a gulf life insurance police
If the husband is the policy "owner", and the children are listed as "revocable" beneficiaries, then the change can be made. However, you can be sure [that] when the husband dies, the new beneficiary designation will be challenged. Think carefully about this before you act. Perhaps , assuming the husband is insurable, a new (additional) policy should be purchased naming the new wife as the primary beneficiary.
Are you the owner of the policy? If so, you are the only person authorized to change the beneficiary on the policy. If you are not the owner of the policy, your ex-husband can change the life insurance beneficiary regardless of the fact that you have paid the premiums.
it usually depends on the company the policy is with. but usually you dont need a signature to change a beneficiary.
Each vehicle does have to have its own insurance policy, but as long as she is listed as primary driver on the car your husband can purchase and pay for the insurance on the car she drives when not at home. This is commonly done for example while a child is away at college.
If he is showing as the beneficiary on your policy - yes. You can call the insurance company or your agent to change the beneficiary.
My sister passed away yesterday, and I was informed that her ex husband had a life ins. policy on her. I would like to find out if this is true? Please help me. Thank You, Teresa Fantozzi As far as I know, unless you have ownership right to the policy, the only way to find out is by asking your sister's ex husband. You may want to consult a lawyer as there can be differences between states.