Can an ex-spouse draw life insurance benefits?

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PostPosted: Sat Dec 12, 2009 10:53 am   Post subject: Correct Information  

Wrong information should immediately be corrected. However, you aren't doing that and refuse to change your stance until you are backed into a corner. You are now making up stuff because you don't know better.



There is nothing worse than guessing at answers. You don't have to know everything. It is ok to say, "I don't know."



Quote:
Yes, and it's a policy issued through Lloyd's of London and so has no responsibility to adhere to domestic insurance regulations.




Please just admit that you have never dealt with this kind of stuff and this is completely out of your realm of expertise. This is directly from the Lloyd's website:



"US business underwritten at Lloyd's must be placed in accordance with US regulatory requirements and coverage must comply with local law. New insurance enquiries from US residents should be directed to an insurance agent or broker who is licensed to conduct business in the relevant state. "



If you had ever done business with them, you would know how wrong you are.

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PostPosted: Sun Dec 13, 2009 3:26 pm   Post subject: insurance  

The Insurance Experts, on this Forum, have their 'specific area' that they are experts in. It's nice that I can read through the Thread and 'compare notes' on given opionions. However......it's NOT professional to 'bash' each other (those that ARE doing the 'bashing'..).

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PostPosted: Thu Mar 11, 2010 7:52 am   Post subject: military beneficiary  

My husband and I got divorced last year (in Fl). He is retired military and has a life insurance with them. Who do I call to find out, if he as changed the beneficiary or not. I can not talk to him, as he had a bad accident and hs in a coma right now!


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PostPosted: Fri Mar 12, 2010 2:21 am   Post subject:   

Unfortunately, unless you are the owner of the policy, it's not likely that VGLI will provide you with any information. But you can contact the VGLI office at the Department of Veteran Affairs at 1-800-827-1000, and at least give it a try.



For additional information about VGLI, visit their website at



http://www.insurance.va.gov/sgliSite/vgli/vgli.htm



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PostPosted: Fri Mar 12, 2010 8:40 pm   Post subject: call  

Call the VA and ask. If they wont tell ,you call back. I found out. It was easy. I called back got a different person, and found out. Heck the Va doesnt care about anything. I had a fellow writing his wife in ,on my fathers form. Nothing really matters with them. The VA is a messed up place. Believe me i know, i have been talking with them for a long time. Good luck


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PostPosted: Sun Mar 14, 2010 5:51 am   Post subject: Siblings Share of Beneficary Proceeds  

My father's life insurance policy application only allowed him to list two beneficiaries. He listed my mother and my oldest sister. My mother passed away first and then my dad. My sister, who was listed as the beneficiary used the insurance proceeds to bury him. There are three other siblings. My father died intestate in August 2008. We established his estate (currently in probate) approximently in April 2009. My oldest sister wants to be reimbursed for the money she used to pay for his funeral expenses from the estate's proceed. Since there were only a limited amount of space allowed to list the remaining children as beneficiaries, does this mean we are not intitled to the money?


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PostPosted: Sun Mar 14, 2010 2:43 pm   Post subject:   

Quote:
My oldest sister wants to be reimbursed for the money she used to pay for his funeral expenses from the estate's proceed.
I thought she used the life insurance policy...was it not sufficent to cover the costs? If she had to pay out of pocket for anything, why would you not think this 100% fair that she be reimbursed first?
Quote:
Since there were only a limited amount of space allowed to list the remaining children as beneficiaries, does this mean we are not intitled to the money?
I'm confused, what money? Are you saying now, that there was money left from the life policy AFTER she paid all the expenses?


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PostPosted: Sun Mar 14, 2010 11:48 pm   Post subject:   

Saw, Your father didn't name you, so you don't get anything. If you father wanted to name you, he could have done so. He could requested a form with another line or the beneficiary could have been something like, "all children of the insured."

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PostPosted: Mon Mar 15, 2010 11:45 am   Post subject:   

He sure could've...all of ours said, "children of this marriage share and share alike"



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PostPosted: Tue Mar 16, 2010 2:22 am   Post subject:   

She paid the funeral home with the beneficiary money she received from his life insurance policy. The amount of the insurance proceeds was not enough to cover the our father's burial expenses, I paid the remaining balance of the burial expense. She wants the money she paid for his funeral to be paid from the proceeds fof his estate. She entered into an agreement with the funeral home and paid for his funeral. As I see it, she gets nothing.


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PostPosted: Tue Mar 16, 2010 10:34 am   Post subject:   

Quote:
As I see it, she gets nothing.
I sure get your point...and frankly agree with you...not sure a judge will though....


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PostPosted: Wed Mar 17, 2010 2:37 am   Post subject:   

Quote:
She paid the funeral home with the beneficiary money she received from his life insurance policy. The amount of the insurance proceeds was not enough to cover the our father's burial expenses, I paid the remaining balance of the burial expense. She wants the money she paid for his funeral to be paid from the proceeds fof his estate. She entered into an agreement with the funeral home and paid for his funeral. As I see it, she gets nothing.




I'm having trouble following this. You said she paid for part of it with the life insurance proceeds, and you picked up the rest. What is there for her to enter an agreement with the funeral home over?
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PostPosted: Wed Mar 17, 2010 2:56 am   Post subject:   

She signed papers required of the funeral home to get paid from the insurance company. The money the funeral home received from the insurance company did not cover the total funeral. To make a long story short, as the administrator, she moved her daughter in our father's house. Under her administration, our father's house was sold for delinquent real estate taxes (18,000). I redeemed the house back. I hope the judge will make an ethical decision in favor of me and my other siblings.


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PostPosted: Fri Mar 26, 2010 2:49 pm   Post subject:   

A beneficiary can do as they please with the money tey receive from an insurance company. It's their money.



If a person pays funeral expenses for a deceased person, even if a parent or relative, they are entitled to be reimbursed by the Probate Court for their expense. If you paid a portion of the funeral costs, you, too, have a claim against the estate.



The redemption of the house is a trickier matter. Is title now vested to you? If so, you may have a claim against the estate for that, which would properly be apportioned to the other beneficiaries of the estate. However, that would probably require sale of the property to another person. Otherwise, you may have to reimburse the other beneficiaries for their share of the value of the property.



This seems to have become very complicated -- couirtesy of Dad who died intestate, and will require a good estate-law-certified attorney to properly represent your interest, and possibly that of one or more of the other beneficiaries.



Get your laywer ASAP! Their fee is determined by the Court in most states. You should have little or no out of pocket expense. Any fee award will be deducted from the estate assets before proceeds are distributed.



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PostPosted: Wed Jun 09, 2010 1:02 am   Post subject: life insurance  

how long till a benificary receives money from a life insurance claim


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