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Can you get a life insurance policy and make ur self the beneficiary?

Can you get a life insurance policy and make ur self the beneficiary?

Filed under: finance | 13 Comments »

My parents have left me everything in their will, and i am the beneficiary of their life insurance.?

My parents have left me everything in their will, and i am the beneficiary of their life insurance.?

in the event of their death, is it my legal responsability to settle their debt I.E. credit, loan etc. can these company come after me for settlement? can they go after the life insurance left to me? does their debt become my debt? i'd appreciate some help here thanks

Filed under: finance | 6 Comments »

does beneficiary need to pay tax debt of decedent in life insurance premium?

Does beneficiary need to pay tax debt of decedent in life insurance premium?

Filed under: finance | 5 Comments »

What happens with Dying Abroad and Having Foreign Life Insurance Beneficiaries?!?

What happens with Dying Abroad and Having Foreign Life Insurance Beneficiaries?!?

I was reading and generally so long as proof of death is given the insurance company will payout deaths of people visiting or living abroad. If an American dies while living abroad and that person names a non-American family member (wife, husband, children) as a beneficiary, will the American insurance company pay internationally? Would the relative/beneficiary have to be in the states to receive payment? How does this situation differ if it is an annuity, lump sum, or the beneficiary is a minor?

Filed under: finance | 2 Comments »

What happens if the beneficiary to a pension and life insurance policy was changed and left to the “Estate” ?

What happens if the beneficiary to a pension and life insurance policy was changed and left to the "Estate" ?

There was no will and no other family members

Filed under: finance | 4 Comments »

If a parent dies from cancer at 50 years old, and had a 10 year life insurance policy…how much..?

If a parent dies from cancer at 50 years old, and had a 10 year life insurance policy…how much..?

If a parent dies from cancer at 50 years old, and had a life insurance policy…how much will the beneficiary receive? I just need a rough number, or anything from experience, etc? Suppose monthly payments were $30.

Filed under: finance | 3 Comments »

Should I set up a trust to buy life insurance on me, or simply have my spouse as the beneficiary?

Should I set up a trust to buy life insurance on me, or simply have my spouse as the beneficiary?

Facts:
- wife, 1 child
- 4mm policy
- What are the pros/cons to doing this in a trust? versus not?

Filed under: finance | 7 Comments »

Life Insurance Policy – can my sister who is not US citizen and lives in Europe – be my beneficiary?

Life Insurance Policy – can my sister who is not US citizen and lives in Europe – be my beneficiary?

if yes, what is the procedure of collecting insurance payment

Filed under: finance | 2 Comments »

How do you force an executor to pay proceeds from life insurance to you the beneficiary now that you are 18?

How do you force an executor to pay proceeds from life insurance to you the beneficiary now that you are 18?

Filed under: finance | 3 Comments »

My boyfriend of 10 years has a life insurance policy in which I am named as the beneficiary.?

My boyfriend of 10 years has a life insurance policy in which I am named as the beneficiary.?

He has quite a bit of debt that cannot possibly be paid during his lifetime. My question is, is there any way his creditors could try to intercept the money and claim any of it?

Filed under: finance | 5 Comments »

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