My son lives in another country, can I name him beneficiary of my life insurance?
My son lives in another country, can I name him beneficiary of my life insurance? A good part of Florida residents have ties to other countries, especially with Latin America. According to the last census, 21% of the population of the Sunshine State was born in other countries. That is why the question that many of these people ask themselves is frequent. Can I name a loved one living in another country as my life insurance beneficiary?
The answer is yes. You can name a son or daughter living in another country as your beneficiary. Of course, you must include all your information in the policy, the legal name of your relative, the date of birth, the identity number, the relationship, the mailing address, the telephone number and an email address.
In addition, you must send the beneficiary all the information about the insurance, the name of the company, its telephone number, the policy number, an email and the amount of coverage.
One piece of information that can help a person who lives in another country is the contact information of the insurance agent with whom the policy was contracted. If your family member has any questions about the claims process, they will have someone to contact.
If the foreigner can travel to the US to claim the benefit, the process is no different. The matter is more complicated when you have to make the claim from another country. In that case, it’s a good idea to talk to your insurance agent to explain all the details. In this context, it would not hurt to involve a lawyer. There could also be some legal restriction when sending money to certain countries considered enemies of the US.
If you have questions about this type of life insurance, call Univista Insurance. My son lives in another country, can I name him beneficiary of my life insurance?