life insurance policies explained
question beneficiary or insurance problem?
My mother died in October. She was with her employer for 10 years during those ten years is paid life insurance policies worth $ 50,000. Five years ago, assigned to my brother as beneficiary. She wrote her name and signed the form, but no date. The insurance company recongize not form, because the date of the proceeds were given to family members (stepfather). My question is, is how some beneficiaries type of contract between the insurance company and my mother? It is far more important then the firm? Also when this was explained to my brother and my stepfather stepfather before a witness stated that "means what you want from my mother and given the money to my brother once he gets". containing water fight to get this money? Thanks
She has the ability to assign the beneficiary. It asks the insurance company to change, and well they do or do not. So I never asked the insurance company to change it. Date and signature are irrelevant – never become the way, so that the policy was never changed. The change of beneficiary form does not become part of the contract until the insurance company writes the rider with the payee name change on him. The money belongs the stepparent. Mother's wishes are irrelevant. Once the money is yours is yours – what you can do whatever he wants with it. You're not going to get that money, unless your father gives you you of the goodness of his heart. Sorry.
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