How do I contest a life insurance beneficiary?

How do I contest a life insurance beneficiary?

Notify the life insurance company. Unless the insurance company is formally informed in writing of a challenge to the beneficiary, they must pay to the named beneficiary. Once the beneficiary is officially challenged, the insurance company will file what is called an interpleader action with the courts.

Does a will override a life insurance beneficiary?

A will or trust doesn't supersede a life insurance policy. Life insurance beneficiaries are final. Most life insurance policies make it easy to change or update your beneficiary if you change your mind about who should get the death benefit, for example after a divorce.

How long do you have to contest a life insurance policy?

Most insurance companies have a two year contestable period when activating a new policy, meaning that if an insured dies within two years, the company may rescind the policy entirely upon a finding of fraud or misstatements made in the original application.

Can you sue beneficiary?

Anyone can sue anyone. The answer to your question is that title controls. In other words, the fact that you are the named beneficiary means that the 401K is not part of the estate, and should go directly to you, outside of probate.