Are life insurance proceeds an asset of the beneficiary’s estate?

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Are life insurance proceeds an asset of the beneficiary’s estate?

My husband’s mother died 18 years ago; my husband passed away 2 years ago. A week ago an insurance company sent me a letter stating he was beneficiary on a life insurance policy of his mother. They are asking for certified copy of her death. Well his Will leaves everything to me, his widow. Does that entitle me to this insurance his mother left him? If so, do I send also his death certificate and copy of his Will?

Asked on September 28, 2012 under Estate Planning, Mississippi

Answers:

FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney

Answered 9 years ago | Contributor

The life insurance benefits that your husband (deceased) was to receive from his mother who pre-deceased him would be an asset of your husband's estate. You need to give the life insurance company a certified copy of your mother-in-law's and your husband's death certificates where in the end it appears that you receive the life insurance proceeds of your mother-in-law from her policy of insurance.

I would also send a copy of the probated Will of your husband to the insurance carrier to speed up the process of you receiving the life insurance proceeds.


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