In the event no named beneficiary survives the insured and if this form or the policy does not provi 2025

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If your sole primary beneficiary passes away, the death benefit would go to any contingent beneficiaries you named when you applied for your policy. In the event you didnt designate any contingent beneficiaries, the death payout would likely go directly into your estate.
If there is no beneficiary named at the time the account holder dies, the account will be frozen, and the account will enter the probate process. During that time, the money in the account is inaccessible until the probate process is completed and an executor distributes the estate.
Most states go by the same ladder of potential inheritors surviving spouse at the top, then kids, then grandkids, then parents, grandparents, siblings, nephews or nieces. If absolutely no legitimate heir can be found, then the assets become property of the deceaseds state of residence.
What happens to life insurance with no beneficiaries? Most life insurance companies require you to name at least one beneficiary. If beneficiaries are not named, the life insurance proceeds can go to your estate. If you dont have a will, your estate, including the death benefit, may need to go through probate court.
Most life insurance policies have a default order of payment if you do not name a beneficiary. For many individual policies, the death benefit will be paid to the owner of the policy if they are different than the insured person and still alive, otherwise it will be paid to the owners estate.
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If no beneficiary is designated, or if beneficiaries cant or wont accept the death benefit, the funds go to the policyholders estate and through probate. Keeping beneficiary designations up to date is crucial to ensure the death benefit is distributed ing to the policyholders wishes and avoids probate.
Life insurance with no living primary beneficiaries or contingent beneficiaries is paid out to the insureds estate.

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