Full question:
A women passed away in May and left a life insurance policy to her mother and another to her husband and 3 children. Her mother passed away 3 years ago, so who does the insurance policy that was left to her mother go to? Her husband and 3 children or her mothers husband (they were separated for almost 15 years)?
- Category: Insurance
- Subcategory: Life Insurance
- Date:
- State: Florida
Answer:
If the beneficiary of a life insurance policy dies before the insured and there is no alternate beneficiary, the policy proceeds go to the estate of the deceased beneficiary. An exception exists if the will specifies who should receive the proceeds, but they would still be paid to the estate first.
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