QUESTION
If the beneficiary of life insurance is passed where does the money go?
Asked on Jun 24th, 2011 on Estate Planning - Georgia
More details to this question:
If the beneficiary is gone for a life insurance policy does it roll over to the estate
3 ANSWERS
1 Award
Yes, if the beneficiary of a life insurance policy passes away it the money will revert to the estate of the insured (not the beneficiary).
Answered on Jun 28th, 2011 at 10:41 AM
Trusts and Estates Attorney serving Jacksonville, FL
Partner at
Law Office of David M. Goldman PLLC
3 Awards
If there is no backup beneficiary on a Life insurance contact, the terms of the contract would determine where the money goes. Typically it will be to the person's estate.
Answered on Jun 28th, 2011 at 10:11 AM
Glen Edward Ashman
Depending on the language of the policy, usually yes.
Answered on Jun 28th, 2011 at 9:56 AM