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Author: buzman Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76392  
Subject: Re: Good article on beneficiaries Date: 4/7/2014 1:00 PM
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I just received notice that now that acquired company has been integrated into acquiring company, I need to enter my beneficiaries in their records. It was not automatic.<<<<

Your records would not necessary be obsolete.

If the new insurance company showed no beneficiary then the death benefit would likely pass the terms of your will. Each state could be different.

If your spouse was the bene and you were still married then the death benefit would go to him or her. However, the death benefit would be subject to probate and the attendant costs.

Bottom line: Update beneficiaries and review.
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