why would a insurance company want to see a copy of a previo

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Posted: Tue Jun 30, 2009 10:49 am Post subject: why would a insurance company want to see a copy of a previo

when insurance companies pay out do they check out all previous beneficaries and why . person left insurance to parent and the insurance wanted a copy of divorce papers of a divorce several years ago. also in another case person had power attorney is it possible they changed papers and made themselves a beneficiary . how would one know ?

us4and

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Posted: Tue Jun 30, 2009 10:52 am Post subject: life insurance payouts

why would insurance companies want to know about previous beneficiaries when a policy has been changed and why dont they check themselves ? can insurance policies be contested ? _________________ Register Now to have your Insurance queries solved.

beth4

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Posted: Tue Jun 30, 2009 11:25 am Post subject:

Hi US4and,

Have you asked them in return why they need to check with the previous beneficiary when they have a present one?

Quote:

can insurance policies be contested ?

It can be, depending upon circumstances. Has it been contested? That may give some idea why checking with the previous beneficiary has become necessary.

~Jeremy

JeremyHolter

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Posted: Tue Jun 30, 2009 1:50 pm Post subject:

Hi US4and..

Quote:

when insurance companies pay out do they check out all previous beneficaries and why .

Did an adjuster ask you for the previous beneficiaries?

Or is it that you've come across experiences shared by others over the internet?

Quote:

also in another case person had power attorney is it possible they changed papers and made themselves a beneficiary .

I don't think thats possible so easily. Which state does this person belong to?

We'd probably need to go through the state laws regarding the provisions for a beneficiary change.

Steven

steven

Senior member