Minnesota Statutes 578.11 – Advance Life Insurance Payments to Absentee’s Beneficiary
Current as of: 2023 | Check for updates
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If the beneficiary under an insurance policy on the life of an absentee is the absentee’s spouse, child, or other person dependent upon the absentee for support and advance payments under the policy are necessary to support and maintain the beneficiary, the beneficiary shall be entitled to advance payments as the court determines under section 578.12. “Beneficiary” under this section includes an heir at law of the person whose life is insured if the policy is payable to the insured’s estate.
Terms Used In Minnesota Statutes 578.11
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Dependent: A person dependent for support upon another.
- Person: may extend and be applied to bodies politic and corporate, and to partnerships and other unincorporated associations. See Minnesota Statutes 645.44