A will and life insurance question. Please help!!?

Question

What does this mean?
F . Insurance If payment of insurance or retirement proceeds is made to my estate under a benificiary designation, the proceeds shall be allocated to the Trust for which the payment was made without further subdivision.

Answer 1

Basically it means that if you don't name a beneficiary in your life insurance and your investments such as Roth IRA or 401k, it will go directly to your estate. If family members want to claim this money, then it will have to be settled in court.

Now, if you have a will that states where your proceeds should go in case you die, such as your investments going into the Trust, who ever is suppose to receive that Trust will get the money and it will not be disputed in court.

Answer 2

time period coverage -the position coverage is offered for a diverse era (many times a three hundred and sixty 5 days, or for aspect sessions which contain 5, 10, 15, 20 even 25 and 30 years) the position a lack of existence income is in user-friendly words paid to the beneficiary if the insured dies in the course of the wanted era. on survival no longer some thing is payable everlasting existence coverage is a form of existence coverage which contain finished existence or endowment, the position the coverage is for the existence of the insured, the payout is certain on the end of the coverage (assuming the coverage is saved present day) and the coverage accrues money cost.

Answer 3

Contact the insurance company for your answer. They can explain it in detail. Others may try to answer your question but may give you an incorrect answer because they do not have all the details of the policy.

Answer 4

Try the site below on this legal matter, make sure to change the location/state in which you reside. Hope this helps.

Answer 5

is section F from the will or the insurance policy? and what is the paragraph that is right before A? that's not enough of a quote to figure it out.