If I just found out that I am beneficiary to sister’s life insurance policy, do I have to tell anyone?

Asked on January 13, 2013 under Insurance Law, Michigan


M.D., Member, California and New York Bar / FreeAdvice Contributing Attorney

Answered 8 years ago | Contributor

No, you do not have to disclose this to anyone. So for example, if your sister left an estate to be divided among beneficiaries/heirs, any life insurance paid out to you, passes outside of that estate. This means that you will collect all proceeds as the sole benficiary (plus you may also be a beneficiary/heir of the estate). Bottom line, to repeat, your inheritance of the life insurance proceeds is your business. You will just need to submit a copy of her death certificate (and possibly other documents as requested) by the life insurance company.

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