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In Texas does your legal spouse have to be named as your beneficiary even if you have not been together for 12 years but are not divorced?In: Insurance |
Insurance Beneficiary
No - You can name any benificiary you so choose, related or not. Whether you are married, single or divorced has no bearing whatsoever on whom you choose to make your benificiary. It is totally your choice.
Insurance Beneficiaries
No - in Texas or any state you can name whomever you want as a beneficiary on an insurance policy. Here is some additional information to keep in mind:
With most insurance policies, you are asked to list both primary and secondary beneficiary(ies). If your primary beneficiary(ies) dies or cannot be located, benefits are paid to your secondary beneficiary(ies) in the same manner. If there are no such beneficiaries, then typically it defaults to a widow or widower; then to a child or children; next to parents; to the executor or administrator of your estate; and finally next of kin as determined under the laws of the State where you lived. Some form of court proceedings will probably take place. It is important that you keep your designated beneficiaries' addresses current. Failure to do so could mean that your beneficiary cannot be located and therefore benefits will not be paid to that person.
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First answer by anonymous. Last edit by Insurance Plus. Contributor trust: 230 [recommend contributor]. Question popularity: 162 [recommend question]
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