If my patner puts my first name on his insurance forms would the money shift to me or his exwife?
Answers:
if you are refering to beneficiary form, the money will go to you. The insurance company will issue an consent letter. Kindly check the epistle and also the percentage of the distribution. The letter usually take 2-3 weeks to reach the policy owner. So if your entitle appear in the memorandum & indicate that you are the beneficiary than you are safe. This is to confirm that the agent in actual fact submit the form for processing and put your name surrounded by. Kindly keep adjectives this document in past the worst place. In the event of claim it is very adjectives.
If you were name as the beneficiary, the money would go to you, not his ex-wife or wife.
Which insurance forms? If you are discussion life insurance and you are the name beneficiary you will get the money. This is call Key Man life. If you are discussion about business insurance afterwards you will still get the money because you represent the business and I am assuming she is not and she have no interest in the business. If she does enjoy an interest in the business afterwards she could contest you getting the money but it probably won't hold up in court.