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| *Ostroff, Fair and Company>>>Insurance |
Can you contest the beneficiary of annuities? |
Can you contest the beneficiary of annuities? no The beneficiary is whoever bought the annuity. So, no. No. The policy owner names the beneficiaries - there's nothing to contest. The person who buys the annuity name the beneficiary. You can't contest something that you authorize, but you can change the beneficiary Floozy your info is waaaay off kiddo. The policy owner elects the beneficiaries, period! However, the OWNER of the policy can change it if they choose, not just anyone. This is America, you can contest the beneficiary of the annuities account if your the purchaser of the policy or have a legal document describing what your interests in the policy are. The final decision would be of the courts. Annuity beneficiaries, like life insurance, transfer by right of contract. The owner designates the beneficiary at application, or can change it at any time during their life. So the answer is no. Hope this helps |
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