If you want to buy insurance for your child, is it true that whoever writes the name of the benefici

Beneficiary refers to the beneficiary of the deceasement. (The beneficiary of critical illness, disability, and annuity is the insured himself).

There are two types of deceased beneficiaries: designated and non-specified, and the designated beneficiaries and the insured need to have legal insurance interests.

The first way: pro-rata payment (any proportion).

Take the 50% ratio of each as an example:

How to distribute: The insurance benefit is paid to two beneficiaries at the same time, 50% each, if one of them dies before the insured, the beneficiary's beneficiary is lost, and 100% of the death benefit is paid to the surviving beneficiary.

The second way: pay according to the order.

How to distribute: 100% of the insurance money is paid in full to the first beneficiary, and if the beneficiary dies before the insured, the insurance money is paid directly to the second beneficiary.

If a beneficiary is not specified.

According to Article 42 of the Insurance Law, after the death of the insured, in any of the following circumstances, the insurance money shall be regarded as the inheritance of the insured, and the insurer shall perform the obligation to pay the insurance money in accordance with the provisions of the Inheritance Law of the People's Republic of China

1) There is no beneficiary designated, or the beneficiary designation is unclear and cannot be determined;

2) The beneficiary dies before the insured and there are no other beneficiaries;

3) The beneficiary loses or gives up the beneficiary right in accordance with law, and there is no other beneficiary.

If the beneficiary and the insured die in the same event and the order of death cannot be determined, the beneficiary is presumed to have died first.

Note: Inheritance Law:

Article 10 The inheritance shall be carried out in the following order:

First order: spouse, children, parents.

Second order: siblings, grandparents, maternal grandparents.

Yes, you can generally choose more than one beneficiary, but you must clearly write the percentage!

The beneficiary of the insurance for the child is generally written as the child's guardian, i.e., the parents.

1. What is the scope of designated beneficiaries of insurance?

Generally speaking, the beneficiary must have an insurance interest in the insured, such as the insured's spouse, children, or parents.

Usually the beneficiary of critical illness insurance, medical insurance, and allowance insurance is the insured.

For insurance that includes death benefits, such as life insurance and accident insurance, the beneficiary is someone else.

2. What is the difference between the insured and the beneficiary?

1. Different powers.

The beneficiary can only receive the insurance benefits in the event of an accident or death as agreed in the contract of the insured, and cannot enjoy other rights.

The insured person can enjoy full protection rights, in addition to the right to receive insurance benefits, there is also the right to designate or change the beneficiary.

Do you know what the difference is between the policyholder and the insured? For those who don't know, please see here: "The Difference Between the Insured and the Insured".

2. The nature is different.

The insured is the object of the insurance contract and is the person who directly enjoys the benefits of the insurance; The beneficiary is the person who can receive the insurance benefit after the death of the insured or the occurrence of an accident agreed in the contract.

To put it simply, the beneficiary cannot be covered by the insurance contract, while the insured can directly obtain the protection of the insurance contract.

If you are still worried that you will fill in the wrong information about insurance, you may wish to consult a professional planner to solve your insurance problems

If the beneficiary's name is stated on the insurance policy: the insurance benefit can only be given to the named beneficiary.

If the beneficiary is not specified: the insurance money is inherited by the heirs, generally the spouse, parents, and children of the deceased, and is generally divided equally. If both spouse and parents are absent at the time of his death, and only the children are present, the insurance benefits are paid to the children in full.

There is no inheritance tax in our country at present, so there is no need to pay inheritance tax.

To buy insurance for the child, the survivor beneficiary fills in the child directly, while the death beneficiary can designate the child's parents.

I would like to take this opportunity to talk to you about insurance beneficiaries. First of all, friends who don't know much about insurance can read through this insurance dry article first: before buying insurance, you must first understand these key knowledge points!

The beneficiary in insurance refers to the person who is designated by the insured or the policyholder in the life insurance contract to have the right to claim insurance money.

In fact, the insurance beneficiary is very easy to understand, and everyone can understand it as the beneficiary of the insurance money, that is to say, once the insurance has a claim, then the beneficiary will be able to obtain the insurance money provided by the insurance company.

Beneficiaries can generally be divided into living beneficiaries and deceased beneficiaries.

Buying insurance for children is to hope that children will benefit from this insurance product, so it is a good choice to fill in the child as a survival beneficiary when applying for insurance.

The death beneficiary is the person who has the right to receive the insurance benefit after the death of the insured, and under normal circumstances, if the parents buy insurance for their children, the death beneficiary usually fills in the parents.

Having said that, the beneficiary of the insurance can be changed, but with the consent of the insured, the insured or the policyholder will propose the change decision to the insurance company in writing.

The following materials are generally required to change the beneficiary of the insurance: preservation application, ID card of the insured, ID card of the beneficiary, proof of the relationship between the insured and the beneficiary, etc.

It should be noted that different insurance companies have different requirements and procedures for changing insurance beneficiaries, and the specific steps and materials need to be determined by the situation.

The child's policyholder can be a parent or legal guardian. According to the regulations of the Insurance Regulatory Commission, to buy insurance for children, their parents or legal guardians need to apply for insurance on their behalf. If you buy a type of life insurance for your child, you need to pay attention to choosing a beneficiary, who is the recipient of the insurance money after the accident.

In addition, the insurance regulations for minors: 0-9 years old, only one of the parents can apply for insurance and sign. 10-17 years old can be insured by parents, siblings and maternal grandparents, and the signature of the insured person can be signed by the legal guardian.

Test your anti-risk index, experts will interpret it for you for free!

If you buy insurance for your parents, you can write the beneficiary as yourself, if you have children, you can also write the beneficiary as your own children, and in addition, you can also write the beneficiary as a direct relative such as grandparents, rental parents, etc. At present, insurance companies usually allow policyholders to write the beneficiary as the immediate family member of the insured, so in addition to the above-mentioned persons, as long as they are immediate family members, then they can exist as beneficiaries.

1. It is necessary to ensure that the beneficiary will not endanger the personal safety of the insured, and the beneficiary will not deliberately endanger the insured in order to obtain the insurance money.

2. It is necessary to consider whether the designated beneficiary will lose or reduce the financial situation due to the death of the insured, resulting in living difficulties.

The beneficiary of the insurance refers to the life insurance.

, the person who receives the benefits of the insurance contract. The beneficiary is named by the insured and is enshrined in the insurance contract. Specifically, there are several cases:

1. When the policyholder insures life insurance for himself, the beneficiary may be the policyholder, that is, the insured; It could also be a third party.

2. When the policyholder insures life insurance for others, the beneficiary may be the policyholder, the insured, or a third party. During the term of insurance, the insured person can change the beneficiary.

Test your anti-risk index, experts will interpret it for you for free!

If the insurance contract has stated who the beneficiary is, the beneficiary is determined, but the insured person can request to change the beneficiary at any time.

It should be noted that the insurance beneficiary can be one or more people, and either the policyholder or the insured can be the beneficiary, but the beneficiary is not necessarily the policyholder or the insured.

In addition, the number of legal beneficiaries usually involved will be relatively large, when receiving insurance benefits, these people must be gathered together to settle the claim, each beneficiary must be present, and also need to provide some supporting documents, such as proof of relationship with the insured, etc., if the beneficiary has passed away, the relevant death certificate is also required, etc., the procedures are more cumbersome, often affecting the time limit of claims.

When the insured encounters extreme risks, the beneficiary only needs to submit information related to the insurance liability (such as the insurance contract, the death certificate of the insured, and other materials related to the nature and cause of the insured accident) and the beneficiary's own information (such as identity certificate, bank card).

Test your anti-risk index, experts will interpret it for you for free!