If a beneficiary named in a will is different from the beneficiary named in the life insurance policy, who will the insurance company pay?
Usually the Beneficiary Designation form provided to the insurance company will override a beneficiary named in a will. If you are arranging for life insurance for loved ones, you should try to ensure that your will and beneficiary designation with your insurance company are consistent, to avoid any confusion or potential for disputes. These comments are general in nature and cannot replace obtaining appropriate advice to discuss your specific circumstances.
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