Legal Question in Insurance Law in Ohio
My father passed away and apparently there were dividends on one of his life insurance policies. He has two living children and one deceased child. The insurance company seems to think Dad's living siblings should receive a portion of those dividends. Is this true?
Asked on 3/08/10, 6:08 pm
1 Answer from Attorneys
Elizabeth Schmitz
Elizabeth S. Schmitz Attorney at Law
The answer to your question depends on the beneficiary designation for the policy and whether or not your father had a will.
If your father died without a will and did not have a surviving spouse then his heirs would be the two living children and any children of the deceased child.
Answered on 3/15/10, 11:00 am
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