INSURANCE GYAN CLASSROOM Q & A Section: What if I have a Will, - TopicsExpress

INSURANCE GYAN CLASSROOM Q & A Section: What if I have a Will, who will get the insurance proceeds? In case you have a Will in which you have specified the beneficiary of your insurance proceeds, then the Will takes precedence over any nomination that might have been made. As stated above, the nominee is a mere trustee holding the proceeds on behalf of the legal heirs. A nomination is not a mode of making a bequest.

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