Are you in doubt about “How do I know if I am a beneficiary of life insurance”? See ways to check if your name is on any policy!
Are you wondering: “how do I know if I am a life insurance beneficiary”? Don’t worry, we can help you!
This is a common question among people, especially when there is not very clear information on how to consult policy participants.
However, the alternatives are simpler than you might think. Keep following and see how to find out if you are a beneficiary of life insurance!
What is the life insurance beneficiary?
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The beneficiary of life insurance is the individual placed as the recipient of compensation should anything happen to the policyholder.
When contracting this product, the insured person chooses the people he wants to protect in case of unforeseen events or fatalities. After a claim, these nominees will be entitled to trigger insurance and payment with the insurer.
How do I know if I am a life insurance beneficiary?
If your question is: “how do I know if I am a life insurance beneficiary?”, there are some forms of research that can help you. See more details below:
Contact the insured
If a loved one or relative has announced the taking out of a policy , it is worth contacting them and checking if their name is on the list of beneficiaries.
As only the contractor can add or modify this information, he will know whether you are listed as a dependent on the life insurance.
Consult your insurance broker
Also, a simple way to find out if you are a beneficiary of life insurance is to consult your insurance broker.
This professional is able to search your name in current policies, informing you if there is any protection that includes your name. Still, it has the right tools to facilitate this search.
Consult the insurer
For those who do not have an insurance broker, but are wondering “how do I know if I am a life insurance beneficiary?”, it may be interesting to consult the insurance company itself.
As the company carried out the contract, it can answer whether the interested party is listed as a beneficiary. In the products marketed by an insurer, for example, it is possible to consult the insurance by CPF , quickly finding the answers.
Request information with SUSEP
Also, one way to find out if you are a beneficiary of life insurance is to request information from the Superintendence of Private Insurance (SUSEP) .
As it is responsible for inspections and official records of all policies in force in Brazil, the institution can help you by informing you if your name is part of any contract as a dependent.
Who is entitled to life insurance?
Who is entitled to life insurance are the beneficiaries indicated by the insured holder. Usually, they are family members who are financially dependent on him.
If the holder has not indicated in the policy, the beneficiaries will be those determined by the law in force Currently, the law determines that the payment be made 50% of the amount for the spouse not legally separated and 50% for the legal heirs of the insured holder.
Is it possible to change the beneficiary of life insurance?
Yes, the holder can change the beneficiary of his life insurance at any time, whenever he identifies this need.
It is also possible to name or delete people, but with attention to other details.
What happens in the absence of a life insurance beneficiary?
In the absence of indication of beneficiaries of the policy, payment will be determined by current law. Currently, the determination is that the payment be made 50% of the amount for the spouse not judicially separated, and 50% for the legal heirs of the insured holder.
If the holder has coverage with payment in life, he can receive the amount to deal with the claim. And to solve doubts like: “how to know if I am a beneficiary of life insurance?”, look for suitable professionals and reliable companies as soon as possible,