Q. If both parents pass away in an accident, would my life insurance company send a check to my minor child who is the beneficiary of my life insurance policy?
A. Insurance companies will NOT send a check to a minor!
This is why it is very important every family should have a Will and designate the guardian to minor child(ren) if such unfortunate event happens. Otherwise, the insurance company will hold the check until the court appoints one, which will take time.
Please refer to our prior blog on what is a Will and how to create a Will free.
A. Insurance companies will NOT send a check to a minor!
This is why it is very important every family should have a Will and designate the guardian to minor child(ren) if such unfortunate event happens. Otherwise, the insurance company will hold the check until the court appoints one, which will take time.
Please refer to our prior blog on what is a Will and how to create a Will free.
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