1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    When a person or persons is named as beneficiary of a life insurance policy, the death benefit usually passes to the beneficiary outside of probate and the will does not affect the policy at all. If there was a contradiction in the will with who the life insurance policy stated to receive the death benefit, the policy usually overrides the will.
    Answered on June 2, 2013
  2. 10968 POINTS
    Tim Wilhoit
    Owner, Your Friend 4 Life, Brentwood TN
    Life insurance proceeds are separate from an estate and are paid directly to the beneficiaries. The will is executed through the courts called probate. A will cannot override a life insurance policy since it is separate and outside probate. The exception would be if the beneficiary is the estate, then the will could dictate the proceeds. This is a very costly mistake. Life insurance proceeds are not taxed unless they are left to an estate and they be come taxed along with the estate.
    Answered on August 27, 2014
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