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| *Loan,banking and credit>>>healthcare insurance |
Will a Walmart employee lose life insurance benefits if their spouse opts out of the healthcare coverage? |
I know a senior citizen who is separated from his younger wife and just realized that she stands to gain megabucks from his death (he is gravely ill) because he is still covered under Walmart's Kaiser healthplan. I believe Walmart offers a plan that offers both health and life insurance together. Is this true, and can this man stop this atrocity? If your friend doesn't want the younger estranged wife to gain anything by his death, then he quickly needs to change the beneficiary of his policy. But the two policies will be separate. There would be no connection between the company's health policy and what they offered in group life insurance. What likely happened is that she is still named as the beneficiary on the employee's group health plan. Regardless of whether the estranged wife opts out of health benefits, she could easily still be listed as the life insurance beneficiary and will get all that money upon the employee's death. Your friend needs to change beneficiaries right away. I'm shocked to learn Wal-mart provides any coverage what so ever. it depends on the state. if he lives in a community property state, unless she signs a waver, she gets half even if she is not a beneficiary, until divorce. unless there is serious legal moves made soon however, she gets dibs on everything until the divorce, if he dies before it if you want life security you have to check more info http://www.freewebs.com/getinsurance... |
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