Pease help! Can the executrix of the estate aquire info on whose names are on the life insurance policy beneficiaries
Free Insurance Quote Comparison
Secured with SHA-256 Encryption
UPDATED: Aug 12, 2010
It’s all about you. We want to help you make the right legal decisions.
We strive to help you make confident insurance and legal decisions. Finding trusted and reliable insurance quotes and legal advice should be easy. This doesn’t influence our content. Our opinions are our own.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about legal topics and insurance. Our goal is to be an objective, third-party resource for everything legal and insurance related. We update our site regularly, and all content is reviewed by experts.
Insurance Question from Cherry Hill, NJ
Asked on 08/12/2010
Pease help! Can the executrix of the estate aquire info on whose names are on the life insurance policy beneficiaries my wife's step dad passed away last month of which he was married to my wife's mom for over 20 years. My wife's mother was the beneficiary of this VA life insurance policy, of which had passed away 3 months prior to the step dad. Unfortunatly they were not so good with there paperwork and there wasn't alot of info to be found. We, including, my wife's sister, who is the executrix of the estate, says there was a contigent or second beneficiary, but can not find out who it is. Isn't the executrix allowed to recieve that info? This was his 3rd marriage and he did have a child in his first marriag
Answer given on August 14, 2010
Beneficiaries of a life insurance policy are exempt from the will, no matter what the will says. The policy is a legal binding contract and the beneficiary as named, is the beneficiary; nothing can change that. Same applies for the contingent beneficiary.
That said, anyone in charge of the estate would not necessarily be privy to, or need to know, who is the beneficiary of a life insurance policy for the deceased. Only the policy owner, the insurance company, the deceased, and the beneficiaries would know who is who.
The face that your sister is the executrix of the estate has nothing to do with the life insurance policy, as one has nothing to do with the other. The only exception would be if he had not named a beneficiary, or any named beneficiary or contingent beneficiary was already deceased as well, and the life insurance proceeds would become part of the estate. Since that isn’t the case, they are two separate entities, the policy and the estate, and there is no legal right for the executrix to know who recieved the life insurance proceeds.
Hope this helps.
IMPORTANT NOTICE: These answers are for general information purposes only and are provided by the person answering and FreeAdvice.com AS IS. It has not necessarily been reviewed by the management staff of FreeAdvice.com nor is it binding any insurance agent, broker, or other insurance professional or any attorney or insurance company. Insurance laws, regulations and practices vary from state to state and insurance policies and practices differ from company to company, by type of policy, by state and locality and by type of insurance. Tiny variations in the facts, policy language or a detail not set forth in a question often can change the outcome or a professional's conclusion. Although FreeAdvice.com has confirmed that the answer(s) was/were provided for the account of an experienced insurance professional, that professional may not be licensed in the state referred to in the question, and may not be experienced or up to date in the subject area. Unlike the answers provided here, upon which you should NOT rely, for personal advice you can rely upon we suggest you consult a licensed insurance professional in your area or retain a licensed attorney listed on AttorneyPages.com to represent you.