InsuranceLibrary.com

Tag: Oklahoma

  • What Happens To A Life Insurance Beneficiary’s Money If They Suddenly Die Soon After Receiving It?

    Lets say the life policy holder dies, has life insurance and there are 6 beneficiaries listed, which were all living during and after the death. One of the beneficiaries dies two weeks later. What could happen her portion of the money?

    The life policy holder does not have a living trust but has a will. The one who died two weeks later has a Living Trust. Could that portion of the money go into her living trust even if she is not alive at the moment? I assume they could write a check under her name and it could be legally placed in her trust even if she is no longer living. She did not die on or before the life policy holder. They say there is no secondary beneficiary listed. So even if the secondary beneficiary listed, should it go to the next descendant.

  • If The Will Stated Life Insurance Goes To Five People, The Person Dies, Then Someone Listed In The Will Dies Two Weeks Later, Does That Person Still Recieve The Money?

    This is the full story. So my grandmother died, under her will it list 5 people who is living to receive life insurance money. One person listed died two week later and was living at the time of the death of my grandmother. I assume that the policy starts after the death of my grandmother and the person who died two weeks later is legally allow to collect that portion. However, if this is not true, then she has a living trust that the insurance money can go into under her trust that she setup three years ago. I also have the legal documentation stating that I can legally act on her behalf, receive money on her behalf even after she passes as long as the trust is still there and I am the trustee of her living trust. I have also heard that the insurance will normally pass the portion of the money to her living son legally even if it is not grandmother will. I am thinking the person who is handling this, is not providing all the information to the insurance company.

    The person who is handling this also stated that the insurance company will only pay the living listed on the will and not the one who has passed away. I don’t believe this to be true. Also doesn’t insurance require a certified copy or the original copy of the person listed in the will to proof they are no longer living.

    I want to know how the insurance company would handle this legally and what is my options.

  • Does Homeowner’s Insurance Cover Stolen Car Key FOB Replacement?

    I need to have the FOB key replaced on my 2008 Avalanche because the spare set was stolen out of my wife’s car.

  • Is There Any Way To Get Home Insurance To Pay A Claim In The Event Of Arson?

    My brother in law set the house on fire. My sister is left homeless, with no clothes or money.The insurance claims they won’t pay out on an arson. Is she just out of luck She wasn’t home and had no idea he was so unstable.

    The house is free and clear, The husband disappeared into the wind. She is left to deal with all of this. No home, no clothes, no money, and no help from the insurance. Plus the clean up of the property. She is 62 and poor, How are you suppose to do this.

  • Do benefits pay triple on murder?

    The policy had a rider. The plan was taken out in Georgia.