Who are the beneficiaries? Life insurance policy

There is a question that if the insured dies but does not specify the beneficiary who will benefit from the insurance? The insurance company will pay benefits to the estate or heirs of the insured.

For those named in the estate who are entitled to receive benefits, there are 6 statutory heirs, which are

1.Legitimate child Illegitimate child that the father has adopted and adopted child


3.Brothers and sisters

4.half-brother, half-sister

5.Grandfather, grandmother

6.Uncle Aunt

In the case of not specifying the beneficiary, there is a chance that there will be a problem with the person behind, such as taking advantage of the benefit until the prosecution. Or in the estate, there may be people who do not want to include the benefit, so the insurer should specify the beneficiary.

In general, insurance companies require insurers and beneficiaries to have a blood or legal relationship. In order to prevent the risk that may occur from murder, the insurer hoping for insurance money. The beneficiary is divided into 3 levels

The 1st place is spouse, children (including legal adoptions)

The 2nd place is parents, siblings.

The 3rd place is grandfather, grandmother, elder aunt

The insured can specify the name of the beneficiary as they wish and can specify only 1 person or more. If more than 1 person can specify the proportion of benefits for each person. But if not specified. The company will pay the same amount of benefits.

In addition, if the insured is married but has not registered or having same-sex couples, currently, many insurance companies accept insurance. But must show additional evidence according to the conditions of each company. It is also possible to identify beneficiaries as foundations, temples, the Red Cross, or other charitable organizations.

There is no doubt that the insured specifies the name of the beneficiary, but each surname is different. Which the law can do as required. But in practice, the insurance company may request to change the name of the beneficiary, having a legal or legal relationship.

Identifying the beneficiary of a different surname from the insurer or not a relative If the insured dies, it may lead to problems. True relatives may sue and suspect insurance. Or relatives view that the beneficiary commits an act of hoping for insurance money

When the insurer wants to change the beneficiary Will do when the policy has not been delivered to the beneficiary and the beneficiary has not yet made a written notification to the insurance company that he or she has received the benefits under that policy.

But if the insurer has delivered the policy to the beneficiary and the beneficiary has already written a letter to the insurance company in this case, the beneficiary cannot be changed. However, if wanting to change the beneficiary the insured must stop paying insurance premiums or surrender only

When the insured dies the beneficiary must notify the insurance company as soon as possible or within 14 days. The company will ask for information and prove the reason for the delay notification. Which the beneficiary must collect the documents to confirm the death of the insurer given to the company

If the beneficiary dies before the insured. The insured can change the beneficiary. But if not done and if the insured dies Benefits will fall to the estate or heirs of the insurer.

Aside from having to study the information thoroughly before making insurance decisions the insurer must carefully consider who is the beneficiary. Because apart from showing the intention to give property to the people we love when we die Also makes it convenient and quick to receive benefits as well