Does my sister get the insurance policy that I carry on my mom when she passes?

Comments

2 responses to “Does my sister get the insurance policy that I carry on my mom when she passes?”

1. 

   September 29, 2013

   Peggy Mace

   Yes, since your sister is the beneficiary of the policy, she will get the proceeds from your mother’s life insurance policy, even though you pay the premium. You may be the owner of the policy without knowing it; if so,  you can change the beneficiary to yourself. If you mother owns the policy, you could talk to her about changing the beneficiary to you. Whoever owns the policy is the one who can make that change.
2. 

   September 29, 2013

   David Osgood

   If you are talking about a life insurance policy that you are carrying on your mother; the policy would typically pay the named beneficiary on the policy and the policy would no longer be active. To have your question answered more fully either contact the carrier of the policy in question or your local agent.