Comments for Life Insurance

Comment on Who Should Be Entitled To Life Insurance Settlement? by jlf

jlf — Mon, 01 Feb 2010 06:57:21 +0000

No.

Comment on Who Should Be Entitled To Life Insurance Settlement? by Steve H

Steve H — Mon, 01 Feb 2010 04:39:29 +0000

Nope…if the policy names him/her as the beneficiary, then it is his/hers to do with as he/she wishes.

Comment on Who Should Be Entitled To Life Insurance Settlement? by Vince R

Vince R — Sun, 31 Jan 2010 21:40:39 +0000

only the named beneficiaries are entitled. I don’t suspect the other “family members” paid any of the insurance premiums, so I don’t know why they would even think, other than pure greed, they would be entitled to something they did not pay for.

Comment on We Have No Life Insurance And My Husband’s Health Is Declining. Is It Too Late To Get A Good Rate? by tigertig

tigertig — Sun, 31 Jan 2010 18:05:57 +0000

Your best option is to look at a graded policy. It will be more expensive due to the health issues, however, you can get some life insurance. Graded policies are available with term and whole life with benefit amount limitations. Guar. Trust Life is an example of a company that will look at this case. Feel free to ask for more information if you so desire.

Comment on Who Should Be Entitled To Life Insurance Settlement? by jackson

jackson — Sun, 31 Jan 2010 17:09:55 +0000

Right. Insurance is something that someone pays for to leave money to specific individuals. It has nothing to do with the estate.
If you name is on the policy you get the money. If not then there is no way to claim part of the money. Simple as that.

Comment on We Have No Life Insurance And My Husband’s Health Is Declining. Is It Too Late To Get A Good Rate? by Stacy R

Stacy R — Sun, 31 Jan 2010 16:38:21 +0000

You can get small policies fairly easy and cheap on-line. Most have a 2 year limitation though. Meaning the person has to live at least 2 years to get the full amount of the policy.

Comment on We Have No Life Insurance And My Husband’s Health Is Declining. Is It Too Late To Get A Good Rate? by juicy

juicy — Sun, 31 Jan 2010 12:38:24 +0000

No, it’s not too late actually. Have you checked out Gerber Life Insurance? They have really good rates for adults, and I don’t think his prior health condition is an issue. I really think you should look into it.

Comment on Who Should Be Entitled To Life Insurance Settlement? by raichasa

raichasa — Sun, 31 Jan 2010 12:25:53 +0000

No.
1) The money legally belongs to the named beneficiaries
2) The deceased chose who to leave the money to.
3) The spouse and children need the money, now that the income of the deceased has stopped.
4) The other family members sound like greedy creeps.

Comment on We Have No Life Insurance And My Husband’s Health Is Declining. Is It Too Late To Get A Good Rate? by sugarcar

sugarcar — Sun, 31 Jan 2010 06:03:40 +0000

They will do medical tests for a life rate quote and you can’t fake that. With his history it will be expensive if they don’t turn you down, which is most likely. It’s looks like you need to figure something esle out.

Comment on Who Should Be Entitled To Life Insurance Settlement? by patrick

patrick — Sun, 31 Jan 2010 05:48:55 +0000

Absolutely not.
The life insurance is distributed in the percentages as stated in the policy. If there are no %, it is distributed equally to the named parties. Any relative not named is not entitled to any proceeds.
Life insurance is not part of an estate, and is not covered by probate or inheritance law.