My partner and I have lived together 15 years. His wife refuses to sign divorce papers, even though they broke up 17 years ago. He has a life insurance policy for her to receive benefits on his death. He got a life insurance policy for me to receive benefits on his death.
Someone said I can't get a life insurance policy payment without the wife signing off on it. Is that true?
2007-03-12 06:41:30 · 14 answers · asked by Anonymous in Business & Finance ➔ Insurance
That is not true. When it come to naming beneficiary in life insurance, your partner can name anyone. Some people name their pets as beneficiaries. Though, I think some life insurance companies has crack down that a beneficiary has to be a human or a trustee or an estate, not an animal or pet.
2007-03-12 08:21:18 · answer #1 · answered by Anonymous · 4⤊ 0⤋
he can have as many policies as he wants with whoever he wants as a beneficiary (as long as there is insurable interest). If he wanted you to have the other policy, he would have changed the beneficiary on it from her to you.
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Also, since he has legaly been married to her for over 17 years, she has all legal claims to his retirement money & any pensions that he has. After 10 years of marriage, there is pretty much no way to change that without her consent. 10 years is the golden ticket for retierement plans, including social security.
Since he never divorced her, even though you have been living with each other for 15 years, you will only be legaly seen as the mistress & entitled to nothing more, except the new life policy.
2007-03-12 07:14:45 · answer #2 · answered by ricks 5 · 0⤊ 0⤋
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My partner and I have lived together 15 years. His wife refuses to sign divorce papers, even though they broke up 17 years ago. He has a life insurance policy for her to receive benefits on his death. He got a life insurance policy for me to receive benefits on his death.
Someone said I can't get a life insurance policy payment without the wife signing off on it. Is that true?
2014-09-09 09:24:19 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Your partner can name whomever he wants in an insurance policy. Two policies - two different beneficiaries is perfectly legal, and one has nothing to do with the other.
And if he really wanted to, he could probably change the beneficiary on the first policy.
Talk to your insurance agent.
2007-03-12 07:01:42 · answer #4 · answered by jim_elkins 5 · 1⤊ 0⤋
I don't know what state you live in but you can get a divorce in every state I know of without the other party signing the papers. All states have no-fault divorce.
He can change the beneficiary on the policy naming his wife if he wants to. He can name whoever he wants on any policy as the beneficiary. Once you name a beneficiary, you are still free to change it to someone else if you want.
2007-03-12 07:02:59 · answer #5 · answered by Faye H 6 · 1⤊ 0⤋
your partner has a right to own insurance on his life and designate whomever he chooses as his beneficiary. death benefits from social security, employer owned life insurance or other benefits not owned and controlled by your partner may require his spouse's signature. i would make sure that you are indeed the beneficiary on the life policy. you could also be made the owner which would give you complete control of it.
2007-03-12 07:21:20 · answer #6 · answered by ny2fl 2 · 0⤊ 0⤋
sounds like your partner is playing games. he knows that he can change the names of the beneficiary anything irregardless of whether or not you are married. the only thing though is that if the wife is not on the policy and they are still legally married, the wife has the power to go to court and stop the other woman from getting anything. he did the next best thing by opening another policy without the wife knowing.
Keep your mouth quiet on this one, and just collect quietly if he dies, otherwise, here comes the legal wife.
2007-03-12 10:24:04 · answer #7 · answered by susan q 4 · 0⤊ 0⤋
Nope, not true.
It's ALSO not true that his wife needs to sign the papers in order for him to get divorced.
He can divorce her without her permission or consent.
Also, if he OWNS the policy that she is the beneficiary on, he can CHANGE that beneficiary clause to you or the kids or even me if he wants to. Nothing stopping him.
I'd hazard a guess that this guy doesn't want to be divorced from his wife.
2007-03-12 11:36:02 · answer #8 · answered by Anonymous 7 · 0⤊ 0⤋
that's a lie! he can name anyone as a beneficiary! if you are just the girlfriend and you two broke up, then he change the beneficiary anytime he wants to. unless you kill him before he does.
2007-03-15 09:59:36 · answer #9 · answered by Anonymous · 0⤊ 0⤋
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2015-01-01 03:13:25 · answer #10 · answered by ? 1 · 0⤊ 0⤋