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How to find a lost life insurance policy
– moneysense.ca
The details of a will and life insurance policy
My condolences on the loss of your stepfather, Ladana.
When someone dies, some or all of their assets may pass through their estate (the documentation of all the assets and property of someone). Some assets, like those held jointly or with named beneficiaries, may pass outside the estate of the deceased and directly to the joint survivor or to the beneficiary. Other estate assets get dealt with based on the deceased’s will or based on the provincial or territorial intestacy laws (for those who die without a will).
What’s involved in distributing a life insurance policy
If a life insurance policy beneficiary is the “estate,” the proceeds will form part of the estate to be distributed by the executors…
