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Husband's Insurance Up to Him
A reader asks if a husband can name anyone as beneficiary on his life policy without the wife’s consent. The Institute of Life Insurance explains a policy is a contract between the insured and the company, and a husband can change beneficiaries unless the policy states otherwise. Some worry about possible court actions if a wife is cut out, noting results depend on policy terms and mental competence in later years.
MENTIONED IN THIS ARTICLE
Ay Thomas
Collins
Fititer
Atuat
Institute
Howers
Betts
Oth Ley Hi
Hine