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[naate]

$250k life insurance policy payable to beneficiaries x2 upon death. Is it a 50/50 split? Trying to understand payout.

 

[aladinair]

@naate It's up to the owner/insured to mete out percentages.

 

[honeybee81]

@naate If the person making the designation doesn't specify percentages, then it will default to an even split, at least with every policy I deal with. But you can, and some people do, specify something like 80/20%.

 

[levnishbar]

@naate It could be. Or it could be split a different way.

 

[easternpresent]

@naate It would be split based upon the % listed in the policy.

 

[sav3dbyhim]

@naate Evenly distributed, it also depends upon the designation meaning to all my kids. This is why it’s so important to have a will set up.