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re: Life insurance question (regarding a deceased family member) need help
Posted on 4/7/22 at 8:33 pm to LegendInMyMind
Posted on 4/7/22 at 8:33 pm to LegendInMyMind
It goes automatically to next of kin. You do NOT have to have a named beneficiary. Although, next if kin of the beneficiary might be in play.
Im.licensed in LA. Where did this happen?
Im.licensed in LA. Where did this happen?
2
Posted on 4/7/22 at 8:37 pm to the LSUSaint
Alabama i think is what he said. I have no history there. In Arkansas with state farm we would send it to the estate in this case.
Posted on 4/7/22 at 9:19 pm to the LSUSaint
quote:
It goes automatically to next of kin
quote:
You do NOT have to have a named beneficiary.
quote:
Im.licensed in LA
I hope Jim Donnelon is reading this. Jesus Christ…
Nobody not named as a beneficiary is getting their hands on that money. The estate of the deceased will eventually be paid but unfortunately it’ll take an attorney’s help. The beneficiaries of the estate will be able to access the funds once the estate is settled. There is no “next of kin” involved in the payment of life insurance proceeds unless that next of kin is named as a beneficiary.
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