Legal Question in Insurance Law in Florida

I have paid life insurance on my grandkids since birth. The oldest two are 26 and 24, they are not in school and do not have jobs. I intended on them taking over payment by now. I have 6 others to pay on. I want to cash in the policies of the oldest two, however they want to a piece of the funds. They have never paid on the policy and neither has their mother or father (my son). Are they entitled?

Asked on 6/05/13, 12:40 pm

1 Answer from Attorneys

Barry Stein De Cardenas, Freixas, Stein & Zachary

The owner of the policy is entitled to the proceeds. Check with the agent and the insurance company.

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Answered on 6/05/13, 12:43 pm

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