are insurance companies allowed to change your benificiary t

by tenasia » Sun Sep 12, 2010 11:39 pm

I applied for insurance for my boyfriend. he signed the paper however, when it came back it had the estate as the benificiary instead of me as originally requested

Total Comments: 5

Posted: Mon Sep 13, 2010 12:29 am Post Subject:

Who is the named insured on the policy? Its this person that can change this info.

Posted: Mon Sep 13, 2010 12:24 pm Post Subject:

Who is the named insured on the policy? Its this person that can change this info.



Nope, tcope, not the insured, but the OWNER.

Unless there is a state law preventing the applicant from being the beneficiary, the action on the part of the insurance company may be improper. The OWNER of the policy may change to any party allowed by state law.

Posted: Wed Sep 15, 2010 12:10 pm Post Subject:

Nope, tcope, not the insured, but the OWNER.


I'll second what Max has to say in this regard. You should be able to change it, if you're the owner. I think it's a mistake that's been committed by the carrier. You may consult with the agent regarding this.

Posted: Wed Sep 15, 2010 08:02 pm Post Subject:

You may consult with the agent regarding this.



Most agents do not want to get involved in such matters, although some will. I probably would. In fact, I would probably have contacted the company before delivering the policy to find out what the problem was.

In reality, however, all contact should be made by the owner directly with the insurance company. The agent, while able to speak to the company and perhaps get an answer, is just in the way of the owner doing this for herself.

And if this was some sort of direct-mail application, there won't even be an agent.

Posted: Wed Sep 29, 2010 05:59 am Post Subject:

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