Life insurance - Will marriage affect my insurance benefits?

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Posted: Tue Mar 16, 2010 10:06 am Post subject: Life insurance - Will marriage affect my insurance benefits?

I'll be getting married and so I'm a bit worried about how it will affect my insurance benefits. _________________ Register Now to have your Insurance queries solved.

Markanthonytvs

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Posted: Wed Mar 17, 2010 2:41 am Post subject:

What benefits? How would it effect them? If it's life insurance, the death benefit still gets paid to whomever the named beneficiary is.

BNTRS

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Joined: 05 Nov 2009
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Posted: Wed Mar 17, 2010 6:12 am Post subject:

Yes, I'm mostly worried about the beneficiary status. Will my wife automatically become the beneficiary? _________________ Register Now to have your Insurance queries solved.

Markanthonytvs

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Posted: Thu Mar 18, 2010 10:09 am Post subject:

Across a majority of states your spouse will be considered as your natural beneficiary. Still I hope it's better that you call them up and change the beneficiary status.

steven

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Posted: Thu Mar 18, 2010 2:16 pm Post subject:

Natural beneficiary or not, the life insurance contract says she's not until you change it. Additionally, if you have retirement accounts like IRAs or a 401k, you'd be well advised to change the beneficiary to your wife on all of that as well. Assuming you want her to receive the funds.

BNTRS

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Posted: Fri Mar 19, 2010 6:05 am Post subject:

A colleague of mine once said that he had actually changed his renters insurance limits in order to cover his wife's personal belongings. I'd still wonder if people really care to go till that extent! _________________ Insuranceguy.ampminsure.org