Can a married man take

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PostPosted: Thu Sep 10, 2015 3:34 am   Post subject:   

Yes, Arizona is a community property state. When a life insurance policy is paid for with community assets, generally the spouses each have a one-half interest in the death benefit and may not encumber that to another person without the consent of the other spouse.


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PostPosted: Thu Apr 28, 2016 11:34 am   Post subject: dJIqMkwxgYoxVYwgfD  

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PostPosted: Tue Jan 08, 2019 12:54 am   Post subject: Life insurance for the girlfriend  

Hello. Martha here, independent agency owner, and agent. I know the OP is a little dated, but this is still a question that gets asked a lot, and I can confirm that the replies here are pretty on point. The policy owner can designate any beneficiary they want to, and the beneficiary designation will be upheld.

The community property should not apply here, since the beneficiary of the policy is being paid the proceeds, and the life insurance contract was not written with a joint or contingent owner.


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PostPosted: Tue Oct 01, 2019 6:20 am   Post subject:   

Yes, you can mention anyone as a beneficiary and right to change anytime.

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