Welcome to No Exam Life Insurance Oklahoma » East Canadian, Oklahoma http://www.noexamlifeinsuranceoklahoma.com Mon, 09 Jun 2008 17:34:57 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 Sole Life Insurance Beneficiary http://www.noexamlifeinsuranceoklahoma.com/east-canadian-oklahoma/sole-life-insurance-beneficiary.html http://www.noexamlifeinsuranceoklahoma.com/east-canadian-oklahoma/sole-life-insurance-beneficiary.html#comments Mon, 09 Jun 2008 00:15:00 +0000 admin http://www.noexamlifeinsuranceoklahoma.com//sole-life-insurance-beneficiary.html Readers Question: I live in East Canadian, Okahoma, I have 2 brothers 30349400 and my parents died recently and left me sole beneficiary to their life insurance policy. My brothers insist that I share the money from the life insurance with them equally. So, I to know if the beneficiary of a life insurance policy is obligated to share benefits with family members or not?

Lorie

Answer to Readers Question:

You are not obligated, so far as I know. The money from the life insurance policy belongs to the named beneficiary, regardless of who else thinks they should get some of it. Now, if there were instructions in your parents will regarding the use of that money from the life insurance policy then that might change things.

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