Group Life Insurance beneficiary problems: Personal Finance Investments  -- Current Events Health Happiness Discussion Forum and Review Group Life Insurance beneficiary problems: Personal Finance Investments -- Current Events Health Happiness Discussion Forum

  parts   |   manuals   |   discussion   |   photos   |   podcast   |   reviews   |   specs   |   dealers   |   classifieds   |   contact   |   faq   |   myProfile   |   home          Login Now | Sign Up


FAQ:   What is a tractor?

Forum Index

Kubota Tractors
  Kubota News
  Kubota Price
  Kubota Review
John Deere Tractors
  John Deere News
  John Deere Price
  John Deere Review
New Holland Tractors
  New Holland Tractor Price
  New Holland Tractor Revie
Other Tractor Brands
  Articulated Tractors
  Belarus
  Bobcat Tractors
  Case
  Cub Cadet
  Hinomoto
  Kioti Tractor
  Long
  Massey Ferguson
  Mitsubishi
  Other Tractor Brands
  Other Tractor News
  Shibaura
  Yanmar Tractors
Lawn and Garden Tractors
  Craftsman
  Cub Cadet Garden
  John Deere Garden
  Kubota Lawn Garden
  Other Garden Tractors
  Simplicity
  Toro Wheelhorse
  Ventrac Lawn Tractors
Antique Tractors
  Allis Chalmers
  Case David Brown
  Farmall IHC
  Ford
  Ford 9N 2N 8N
  Fordson
  Harry Ferguson
  John Deere Older
  Massey-Harris Ferguson
  Minneapolis Moline
  Oliver Cletrac Cockshutt
  Restoration
  Tractor Pulling
Tractor Attachments Implements 3ph
  Back Hoe
  Field Mowers Brush Cutter
  Grooming Mowers Finish Mo
  Loaders
  Snowblowers / Snow Plows
  Tillers and Ploughs
  Tractor Implements
  Trenchers
  Wood Chippers 3PH
Tractor Maintenance
  Diesel Fuel Lubrication E
  Tractor Engine Repair Reb
  Tractor Tires
Utility ATV
  All Terrain Vehicles
  John Deere Gator
  Mule Utility Vehicles
General Tractor
  Farming Ranching Agricult
  Photo Contest
  Size Tractor Needed
  Tractor Projects
  Tractor Safety
  Welding
Chinese Tractors
  Jinma Farmpro Agracat
  NorTrac Tractors
  Other Chinese Tractors
Cars
  All Brands
  Audi VW
  BMW
  Car Tires and Maintenance
  Chrysler
  Exotic, Sports, Racing
  Ford Cars
  General Motors
  Honda
  Hyundai
  Mercedes
  News
  Nissan
  Subaru
  SUV and Trucks
  Toyota Cars
Trucks Trailers
  Chevy Pickup Trucks
  Dodge Pickup Trucks
  Ford Pickup Trucks
  Toyota Pickup Trucks
  Chevy Pickup Trucks
  Dodge Pickup Trucks
  Ford Pickup Trucks
  Toyota Pickup Trucks
Home Building
  Alternate Electric Energy
  Barns Pole Barns
  Buying Ranch Farm Acreage
  Carpentry
  Contractors
  Electric
  Excavation
  Moldings Finish Trim
  Other Home Building
  Pellet Stoves
  Plumbing
  Wood Stoves
Tools
  Electirc Power Tools
  Gas Power Tools
  Generators
  Shop Tools
  Techniques Howto
Landscape
  Flowers Shrubs Garden
  Golf Course Maintenance
  Irrigation Systems
  Landscape Design
  Landscape Lighting
  Landscape Maintenance
  Lawn, Turf, and Grass
  Vegetable Gardening
Construction
  Caterpillar
  Komatsu
  Wheel Loaders
Current Events Health Happiness
  Current Events
  Dogs and other Pets
  Electronics And Computers
  Food
  Health
  Just For Fun Off Topic
  Movies Music Games
  Personal Finance Investme
  Sports Outdoors
Tractorpoint Site
  Member Photos
  Site Members
  Website Operations Howto


New As Posted | Active Subjects



Click to Post a New Message!

Discussion Boards > Active Subjects > Messages as Posted > Personal Finance Investments Forum

Page [ 1 ] |
Reply | Pop Up Window Reply | Add PhotoAdd Photo
 07-09-2012, 13:41 Post: 184192
kthompson



View my Photos

View my Photos  Pics
Join Date: Oct 2005
Location: South Carolina
TractorPoint Premium Member -- 5 Tractors = Very Frequent Poster
Posts: 5127

2
Filter by User
 Group Life Insurance beneficiary problems

This may not apply to all companies but there is an issue with group life insurance with some companies want you to be aware of. Some of the group life insurance companies (normally through work) do NOT record beneficiary or change of beneficiary on your life insurance. They depend on the employer to provide that information at time of death.

Just in case you are not aware that allows for all kind of issues from fraud to just mistakes by an employee to lost forms. For your security if you have any group life insurance you make certain you keep a copy of the form and would suggest you give copy to the beneficiary.

I have a friend who at the time was not aware of this but think that is why the ex wife received the proceeds and not the current wife. Of course it is possible he had never changed it but some how doubt it.






Reply to PostReply | Quote Post Reply to PostQuote Reply | Add PhotoAdd Photo




Bookmarks: Digg It | Del.icio.us |
 07-09-2012, 21:13 Post: 184199
Murf

TP Contributor

View my Photos

View my Photos  Pics
Join Date: Dec 1999
Location: Toronto Area, Ontario, Canada
TractorPoint Premium Member -- 5 Tractors = Very Frequent Poster
Posts: 7041
 Group Life Insurance beneficiary problems

Under Canadian law the beneficiary, the insured and the policy holder are required to be notified of any change in the policy.

Imagine my (current) wife's surprise when she opened such a notice from (purely by coincidence) our insurance company stating that a new term life insurance policy had been taken out on me........By my (15 years) ex-wife!!!

I guess she figured she was going to get a few bucks out of me one way or another.



Best of luck.






Reply to PostReply | Quote Post Reply to PostQuote Reply | Add PhotoAdd Photo




Bookmarks: Digg It | Del.icio.us |
 07-10-2012, 08:28 Post: 184210
DennisCTB

TP Contributor

Join Date: Nov 1998
Location: NorthWest NJ
TractorPoint Premium Member -- 5 Tractors = Very Frequent Poster
Posts: 2557
 Group Life Insurance beneficiary problems

Quote:
Originally Posted by Murf | view 184199
I guess she figured she was going to get a few bucks out of me one way or another....



Make sure you look both ways when you cross the street Laughing out loud






Reply to PostReply | Quote Post Reply to PostQuote Reply | Add PhotoAdd Photo




Bookmarks: Digg It | Del.icio.us |
 07-10-2012, 10:19 Post: 184211
kthompson



View my Photos

View my Photos  Pics
Join Date: Oct 2005
Location: South Carolina
TractorPoint Premium Member -- 5 Tractors = Very Frequent Poster
Posts: 5127

2
Filter by User
 Group Life Insurance beneficiary problems

Boy the laws are different in the US and Canada. Unless it is required for a loan or such only the owner can make such a change here and no one is notified of the change other than back to the owner.

Also no way you can take out insurance on another adult without their approval as they must answer the health questions and sign off on them and such. Not even unlimited power of attorney will work due to those reasons. Many military wives ask on this right after husband is shipped out.

Along that line have known of part of divorce settlement require the termination of life insurance on the spouse owned by the soon to be ex. Sort of for the reason Dennis points out.






Reply to PostReply | Quote Post Reply to PostQuote Reply | Add PhotoAdd Photo




Bookmarks: Digg It | Del.icio.us |
Reply | Pop Up Window Reply | Add PhotoAdd Photo


Page [ 1 ] |

Discussion Boards > Active Subjects > Messages as Posted > Personal Finance Investments Forum

Thread 184192 Filter by Poster:
DennisCTB 1 | kthompson 2 | Murf 1 |

 (advanced search)

Picture of the Day
dtacmed

Hinomoto - C174 Hydraulic Pump Needed
C174 Hydraulic Pump Needed


Unanswered Questions

Drain Cock
Need more hydraulic flow for s
HINOMOTO HB 501
Belarus 420A - Problems bleed

Active Subjects

460 Long hyd leak
Key will not start engine
6x4 engine rebuild vsHarbor Fr
Things we say and what do they
The Plus and Minus of Ignoring
Looking to buy a New Pickup Tr
Need more hydraulic flow for s
Mitsubishi D 3250


Hot Topics

Tractor Category 1 2 3 Hitch s
Duerr hp 678 Chipper replaceme
Gator 620i gas in engine oil
KUBOTA Tractor Trouble Free Qu
Gator 6x4 Overheating problem
Duerr hp 678 Chipper Manual
Adjusting 7308 Pressure Relief
Long 460 hydraulic problem


Featured Suppliers

Mountain Creek Labradoodles
      MountainCreekLabradoodles.com





New Forums on Gun Sport Shooting and Hunting -- BarrelPoint.com  New Forums on Horses ManePoint.com
Talk Horses at ManePoint
Hunting + Gun Sports at BarrelPoint



Most Viewed

+ Diesel Fuel Pricing
+ Poll Are we in for a double dip recession
+ Group Life Insurance beneficiary problems
+ Do Any of You Invest in Stocks and Bonds
+ WhatsApp 19 Billion How can that be
+ Erik Shatzer Bloomberg why TV when he seems so sma
+ Are you still in love with your Apple Products
+ Best Homeowner Policy
+ Stocks brace for a bumpy ride

Most Discussion

+ Diesel Fuel Pricing
+ Poll Are we in for a double
+ Do Any of You Invest in Stocks
+ Are you still in love with you
+ Erik Shatzer Bloomberg why TV
+ Best Homeowner Policy
+ Group Life Insurance beneficia
+ Stocks brace for a bumpy ride
+ WhatsApp 19 Billion How can th

Newest Topics

+ WhatsApp 19 Billion How can that be
+ Are you still in love with your Apple Products
+ Stocks brace for a bumpy ride
+ Erik Shatzer Bloomberg why TV when he seems so sma
+ Best Homeowner Policy
+ Group Life Insurance beneficiary problems
+ Poll Are we in for a double dip recession
+ Diesel Fuel Pricing
+ Do Any of You Invest in Stocks and Bonds
















Turbochargers for Tractors and Industrial Machines
Cab Glass for Tractors and Industrial Machines

Alternators for Tractors and Industrial Machines
Radiators for Tractors and Industrial Machines

Driveline Components for Tractors and Industrial Machines
Starter Motors for Tractors and Industrial Machines