we are no longer speaking to her or having any contact with her at all. We no longer want her to have these policies, nor be the benefeciary. She started them and paid all of the premiums, we just don't want her getting a payout on the event of their death. What can we do?
2007-01-31 18:00:44 · 8 answers · asked by ladybug 5 in Business & Finance ➔ Insurance
Nothing. She is the policy owner, and she gets to pick the benficiaries. Once you sign off initially, you can't "withdraw" persmission for her to insure you. Sorry.
2007-02-01 00:13:41 · answer #1 · answered by Anonymous 7 · 1⤊ 0⤋
There are three parties to a life policy: Insured person whos is being insured: the beneficiary, who receives the benefits should the insured person die, and lastly the owner- the person who has all the rights to pay the premium and change the owner or benificiary. If your mother in law is the owner, and it sounds like she is, there is nothing you can do to change the beneficiary. She is the only one who has the right to make any changes.
2007-01-31 18:09:52 · answer #2 · answered by california bill 2 · 3⤊ 0⤋
Absolutely nothing. If you're not the owner of the policy, you have no rights to the policy.
Like you said... she paid out all the premiums on the policy... so why WOULD you deserve the death benefit anyway?
2007-02-01 16:29:39 · answer #3 · answered by Anonymous · 0⤊ 0⤋
It's her money. She invested it by her choice. So why do you want to dispute it if she no longer wants to give it to you?
You don't want her to get rich of your misery? In the event one of them dies or such. This is the attidude that makes all kinds of problems for people. Live, let live. Take a chill pill, enjoy your life and stop getting stressed out over petty nonsense.
2007-01-31 18:15:16 · answer #4 · answered by Starguru 2 · 0⤊ 0⤋
I'm not sure if you can do anything, but I'd start by calling the insurance company where the policies are written.
2007-01-31 18:06:16 · answer #5 · answered by nursesr4evr 7 · 0⤊ 0⤋
My EX mother in law has one on me...Witch! I can't do anything about it. I gave her all my info years ago and she ran with it. So, I bet she is just waiting for me to keel over dead..I'm looking forward to seeing if somebody else has an answer for me too!
2007-01-31 18:10:43 · answer #6 · answered by sandra t 3 · 1⤊ 0⤋
Weird.
Is she the beneficiary? If so, make sure she doesn't do anything to kill her son etc. Becuase there are lots of stories of people who have killed to get ahead.
2007-01-31 18:16:02 · answer #7 · answered by huckleberry 5 · 0⤊ 1⤋
Don't piss her off- lol
No really she shouldn't be able to collect if the beneficary no longer agrees
2007-01-31 18:09:43 · answer #8 · answered by ddegraw2001 2 · 0⤊ 1⤋