A life insurance company offered me to buy a whole life insurance policy worth 10k at a monthly premium of 37.50. I am 59. They said that they would pay me the full amount of the policy when I ...
in the state of tennessee. any suggestions for max coverage, min cost and no hassles. we were on cigna with my wife but she is now on disability, brain cancer and cobra is killing us. thanks and ...
Knowledgeable answers only please. Additional Details This is for the few morons below: either answer the question posed or don't post; nobody needs your opinion about their ...
I have just phoned to change my insurance over to another car, and was told twice that it was declined - firstly, he said due to the group of insurance, and secondly, I was told that the operator had ...
through work. After I turned 22 I was taken off the policy. I have had some problems with a root canal I had done, and I have a wisdom tooth coming in so I was going to ask him to look into getting ...
So they have to pay higher rates under individual plans, even though they make less, cause they're only part time. Is it any wonder why so many Americans do not have health insurance?...
My parents are getting older and starting to get health problems. I'm worried about medical/funeral costs and I don't know if they have insurance. We don't really talk about that ...
i really don't know much about these things, so i come to y'all for help. i want a boob job, tummy tuck, and lyposuction. and all this is very expensive, which i cant affored in all lump ...
my mom passed away now the insurance company denied her life insurance policy over a form that was not filled out but we never knew about form was not told or mailed to us already went to lawyer he ...
I am an 18 year old female and im looking to purchase a car - preferably a new car but we'll see how far that goes...
I would like opinions on which car insurance is the best for new ...
i just had my son on july 4 and i want to put my son on my insurance plan at work. i was told i only have 30 days from his date of birth to put him on my plan. how am i supposed to do that if i did ...
I am moving into a new house right now
travelers insurance cut my home insurance for my old house
Is it required for me to have home insurance for the old house? Additional Details...
If my husband provides insurance through his work to his daughter and is also paying child support on her is he going to be responsible for the co-pay everytime she goes to the doctor? His daughter ...
kimmeg99whatever
Recent death in family life insurance policy not changed still had exwife not current wife.?
What are laws in Wisconsin? What happens if it goes to the estate?
Nothing she can do - that's why its important to review your financial information regularly.
My parents just sat down with their estate planner last week to make sure their trust was up to date, due to new grandchildren being born since it was established.
As the others have said, the insurance policy is a contract and the man named his ex-wife as the beneficiary. The court can't override that.
If they had children together, hopefully the ex-wife at least has the decency to make sure that the money helps take care of any children/grandchildren's needs.
jkrd156
The insurance death benefit is separate from the estate. The proceeds go to the ex because she had an insurable interest in the husband at the time she was named beneficiary. If it was never changed, she gets the money and there is nothing the current wife can do.
robert w
Sorry for current wife.
insurance policys are normally outside of 'estates' so the EX Wife gets the proceeds and current get nothing from insurance policy. it is legal .
current gets husband's estate except for anything pre excluded based on state laws.
sorry.
fitzpimlings
Every time I have heard of this happening it is always the person who is listed on the policy who gets the money. I feel so bad for the current wife.
acermill
The other posters here are correct. The laws of Wisconsin have nothing to do with it, and the named beneficiary(s) on the policy have EVERYTHING to do with it. If the deceased failed to properly change the named beneficiary, the one still named on the policy will get the proceeds of the policy.
src50
The insurance company will only pay to the named beneficiary. Wills have nothing to do with it.
contemplating
Ex-wife gets it. Current wife can sue ex-wife and argue that it wasn't the intent of the policy and might get some of it back.
jim_merrick
The insurance policy is a contract. State courts will NOT go against the stated wishes of the deceased. Since the policy is a contract current wife is out of luck. This is why making sure your financial information is up to date is important every year.
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