Can insurance company change the beneficiary to an estate?
Get Legal Help Today
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
Can insurance company change the beneficiary to an estate?
My mother named beneficiaries on her life insurance policy. Now that the claim is filed, the insurance company says that beneficiary is estate. How can it have changed without my mother having changed it?
Asked on March 26, 2017 under Insurance Law, North Carolina
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 7 years ago | Contributor
An insurance company can NOT change the beneficiaries with the policy holder's consent. An insurance policy is a contract; neither side in a contract can make any changes without the other side's agreement. The beneficiaries can sue the insurer to enforce the original beneficiaries' designation.
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 7 years ago | Contributor
An insurance company can NOT change the beneficiaries with the policy holder's consent. An insurance policy is a contract; neither side in a contract can make any changes without the other side's agreement. The beneficiaries can sue the insurer to enforce the original beneficiaries' designation.
IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.