Sentences with phrase «irrevocable beneficiary on»

Several consent orders were made holding that Stephen would maintain Anastasia as irrevocable beneficiary on any life insurance policy.

Not exact matches

Unless beneficiary assignment are irrevocable, which would be specified on your life insurance policy, you can change your beneficiaries whenever you choose.

While many arguments were raised in the courts below, Justice Brown focused the issue on what happens where a support payor dies with a life insurance policy who was required by court order to name a spousal or child support recipient as the irrevocable beneficiary of the policy.

In Fraser v. Fraser, the trial judge found on the facts that the terms of the separation agreement requiring the insured to maintain the plaintiff as beneficiary were tantamount to an irrevocable designation.

Yes, you can easily change the beneficiary on your life insurance at any time by contacting the insurer and letting them know, unless the policy has an irrevocable beneficiary designation, which is uncommon.

Sometimes, even if people lose touch over the years, they may still be listed on a policy, either because they were originally listed as irrevocable beneficiary and couldn't be changed, or because the person who passed away just wanted to leave it as a surprise gift.

On the other hand, a policy with an irrevocable beneficiary requires the policyholder to get the current beneficiary's consent before making a change.

Unless beneficiary assignment are irrevocable, which would be specified on your life insurance policy, you can change your beneficiaries whenever you choose.

Your separation agreement should state that the beneficiary designation of your spouse's life insurance policy is irrevocable, so that it can't be changed later on without your knowledge.