Video Summary
My parents just passed away and they did not have time to update their life Insurance beneficiaries, what can I do? There’s nothing that you can do because the, whoever they designated as the beneficiaries have the rights under the contract to receive the death benefit. So it’s something that they would’ve had to do during their lifetime rather than anything you can do after their death. If you could, if the beneficiaries are agreeable, do an assignment of those benefits to you. Many times the funeral home will take an assignment of a death benefit of a life insurance policy, particularly a small one to pay for the funeral expenses, but there’s nothing you can do by yourself to change the beneficiaries. If you have any questions, give me a call at (727) 847-2288.