How Should my Father Determine Who will be Named Beneficiary on his Life Insurance Policy?
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Summary
My father needs to name a beneficiary on life insurance policy, can he name the executor of his will as the beneficiary and be divided among his six children? |
“My father needs to name a beneficiary on life insurance policy, can he name the executor of his will as the beneficiary and be divided among his six children?”
How would he word it on the form he needs to mail back? It sounds as if you are asking if the life insurance can be paid into his will, through the executor, and if that is your question, then the answer is “probably not.”
He should, however, be able to name the six children directly on the policy, which will accomplish the same effect.
However to be sure, he should simply ask the company that issued the insurance policy.
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For more on this subject check out these categories: Insurance, Wills, Trust & Estate Planning
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State laws vary, and the above is intended as general advice, and not direct legal advice regarding any one particular situation in any one state. For direct personal legal advice related to your own situation you should consult an attorney familiar with the laws of your state and with your situation.
