My sister took out a life insurance policy on me and she died. she was the beneficiary so now what happens?

Answers:4   |   LastUpdateAt:2012-06-14 05:38:53  

Question
Ducky
Asked at 2012-05-02 19:28:46
My sister took out a life insurance policy on me and died. she was the recipient so now what happens ?
Answer1IngridAnswered at 2012-05-03 19:28:44
Do you mean your sister insured his life and was the beneficiary? So what if the policy has died and died with her.
Answer2CorneliaAnswered at 2012-05-07 16:42:05
Like everything else he owned , which is inherited by somebody. Whether the person or the executor of the estate of her sister select a new beneficiary.
Answer3'Suanming guys head, Answered at 2012-05-27 21:15:04
If your sister is married or had children who will become the owner of the policy. If you are her closest living relative you can ask the insurance company to assign the policy to you now is the beneficiary. If your sister is still making payments on the policy you need to contact the company relatively soon so do not miss payments. However, will depend to some extent on what kind of policy concerned. If term insurance is then lost if payment policy may fall and there would be no coverage. If insurance is whole life, then you may have generated a cash value that is sometimes used to pay the arrears. The insurance company can help with this. Good luck .
Answer4Freak Answered at 2012-06-14 05:38:53
You contact the insurance company and have the beneficiary has changed
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