How does insurance policy owner differ from beneficiary?

Answer An insurance policyholder is the person who buys a policy, while a beneficiary is the person or institution that will receive benefits---according to the face value of the policy---when the insured... Read More »

Top Q&A For: How does insurance policy owner differ from ben...

Original owner bought policy then died it stated it only pays when his wife dies. His wife is not the beneficiary. She is mad and is going to give this policy away to favorite sibling. Is this legal?

Her dad Tony Curtis had 6 children. Jamie has one full sister and 4 half. One of her half brothers died.

How do you find out who the beneficiary is on a life insurance policy?

AnswerCall the Insurance company, you must be the owner or insured, privacy laws and such.

How do you find out if you are a beneficiary of a life insurance policy?

The National Association of Insurance Commissioners has a "Life Insurance Company Location System" to help you find state insurance department personnel who might help identify companies that might... Read More »

Can I name a person other than my legal spouse to be a beneficiary on an insurance policy?

The legal spouse of the primary holder does not have to be named as the beneficiary on a privately purchased insurance policy. Policies issued by corporations as employment benefits may require pay... Read More »