if life insurance owner dies but the insured is still living

by lilies79plj » Sat Sep 13, 2014 04:11 am

policy owner died and was also beneficiary, insured is still living so what is the legal result on this. Is there law that helps the insured win over

Total Comments: 1

Posted: Sun Sep 14, 2014 11:25 pm Post Subject:

The insured never "wins". But depending on the language of the contract, the insured might become the new owner of the policy. This is a contract law matter and is governed first by the law of contracts, then, possibly, by probate law.

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