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If one child gets life insurance from the death of a parent are the other children of that parent entitled to a portion of the life insuracnce.

2007-03-14 13:27:09 · 3 answers · asked by bruic2000 1 in Politics & Government Law & Ethics

3 answers

If the life insurance policy name a beneficiary other than the estate of the person insured, the only person entitled to the proceeds is the named beneficiary. The policy IS NOT part of the estate.

2007-03-14 13:36:55 · answer #1 · answered by STEVEN F 7 · 1 0

Only if the parent names each child as an equal beneficiary and annotates the percentages to be dispersed in the contract/policy.

2007-03-14 13:31:06 · answer #2 · answered by i_love_my_mp 5 · 1 0

depends how the policy and the will was written. But no, they are not entitled to anything someone else gets.

2007-03-14 13:30:05 · answer #3 · answered by thunder2sys 7 · 1 1

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