Life insurance beneficiary refuses the proceeds

Answers:3   |   LastUpdateAt:2017-10-08 22:30:15  

Asked at 2012-05-13 09:45:38
take my father had life insurance for 1,000,000 in his life with me as the beneficiary. after his death I received the product and did not touch a penny. six months later I decide that my mother needs the money, what I can do? ¿ I can choose to denounce the life insurance benefits and make my mother the beneficiary of income?
Answer1NelsoAnswered at 2012-05-20 22:44:03
No, you are the designated beneficiary , so it can not be changed for your mother. You can give money, however, or part of it.
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