If the beneficiary of life insurance policy dies and there was no contingent beneficiary who does the insurance go to

Answers:4   |   LastUpdateAt:2018-03-18 23:23:36  

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Asked at 2011-12-30 03:48:59
If the beneficiary of life insurance beneficiary dies and there is no contingent that makes sure to go to
Answer1ClarencAnswered at 2011-12-31 03:14:39
The death benefit to go to the estate of the insured. This would create a taxable event and be part of the legalization of property. In some cases, as with the Fraternal companies , the death benefit will be paid to the descendants of the beneficiaries.
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