Question
here,
i am to buy the health insurance, while filling the form i saw this question
about 1)Beneficiary for applicant*
2)Beneficiary relationship
WHAT DOES IT MEAN? I MEAN WHAT SHOULD I WRITE THERE. BOTH MY PARENTS ARE COMING. LET ME KNOW SO I CAN PROCEED BUYING IT.
THANK-YOU
Answer
All insurance questions are answered by us, and not here.
1. Beneficiary: Write your name.
2. Relationship: Son
Beneficiary means who gets the benefit (such as $25,000, $50,000 depending upon the policy), in case, God forbid, both your parents die in an accident.
If you have any other questions, please call us at 1-866-INSU-BUY
Answer
thanx for you reply. Isnt the beneficiery going to be my mother? I mean anyways i am buying insurance for both of them so can i mention her name or better to mention mine?
Answer
If mother dies, money goes to father. If father dies, money goes to mother.
But the question is "If both die, money goes to whom?"
Please call us at 1-866-INSU-BUY so that we can answer all your such questions very easily.