However, the court can also have the policy amended if it’s deemed that the payout is excessive in regard to what is needed to support the child or at a time when the children are no longer seen as dependents. It’s important to note, however, that state law ultimately decides the...
No financial dependents:If you do not have any financial dependents and have no preference for how the death benefit is allocated, you may choose not to designate a beneficiary. In this case, the policy proceeds will typically go to your estate for distribution according to your will or state...
No financial dependents:If you do not have any financial dependents and have no preference for how the death benefit is allocated, you may choose not to designate a beneficiary. In this case, the policy proceeds will typically go to your estate for distribution according to your will or state...