How to Contest a Life Insurance Beneficiary?

Answer It's more difficult to contest a life insurance beneficiary than a will, because life insurance doesn't go through probate. However, if you can show that the deceased neglected to update the policy... Read More »

Top Q&A For: How to Contest a Life Insurance Beneficiary

Who Can Contest a Beneficiary on a Life Insurance Policy in Michigan?

Anyone can contest a beneficiary designation. However, the chances of winning the case is at best, slim, even if you're the spouse of the deceased. Life insurance beneficiary designations are diffi... Read More »

Can a Trust Be a Life Insurance Beneficiary?

Most U.S. jurisdictions allow life insurance trusts, in which a trust is designated as the beneficiary of the life insurance proceeds. However, the settlor (the individual assigning the life insura... Read More »

What is a life insurance beneficiary?

A life insurance beneficiary is a person chosen to receive the proceeds of another's life insurance policy, so when the policyholder dies, the beneficiary collects the settlement on the policy. Gen... Read More »

How to Pay Beneficiary Taxes on Life Insurance Benefits?

One of the significant reasons people buy life insurance policies is that the death benefit is not added to the taxable estate. This means that life insurance can be used to pay off a mortgage, fun... Read More »