Children can claim for parents insurance policy?

1. 

   ramlal
   

   junior member
   Joined: Jun '09
   Posts: 5

   Reputation:8

    

   5 years ago I had taken a life insurance policy with 20 years term. My wife is the nominee of the policy. I understand if something happens to me, my wife will get the policy's benefits. But what will happen if something happens to both of us? Can our children claim for the benefits of the policy?

   Posted 2 years ago #
2. 

   Anonymous
   

   Unregistered
   
   

   Reputation:0

    

   Yes, being a legal heir your children, any other family member, legal representative can claim the policy benefits.

   Posted 2 years ago #

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