Death benefit claimed by contingent

by Guest » Wed Jan 04, 2012 04:58 pm
Guest

I recently found out that I was listed as the beneficiary of my friend’s life insurance policy as well as the rest of his estate. He had also listed his ex-wife as the contingent beneficiary. I had been transferred to Vienna in 2001 and I was stationed there till September 2011. I came back and found out that he had died and the ex wife had acquired all his assets including the death benefit from the policy. Is there any way to find out how everything went to the ex wife? Did she scam the insurance company into paying her the death benefit? As far as I know, the contingent beneficiary is entitled to the benefits only if the primary beneficiary is dead at the time the benefit is to be paid.

Total Comments: 1

Posted: Thu Jan 05, 2012 03:48 pm Post Subject:

Yes, you are right, the primary beneficiary is entitled to the death benefit of a life insurance policy before the contingent beneficiary. The contingent beneficiary can claim the benefit only if the primary beneficiary is dead. If you know who your friend’s carrier was, you can go to them and find out exactly what happened.

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