Marriage, Birth and Death Certificates

Popular Reading


Marriage, Birth and Death Certificates

Finally, there are a couple of curious points about life insurance companies' procedures that are worth explaining. Women are often puzzled, and in these liberated days sometimes annoyed, at being required to produce their marriage certificate as well as their birth certificate when taking out a life insurance policy.

The reason is not moral but purely practical. The life office has to be sure that the present Mrs Jones really was the Miss Smith she says she was (and to whom the birth certificate refers) in order for date of birth and identity to be certain. If these facts are not definitely established, the policy might later be disputed. If these documents are not requested by the company at the outset, they certainly will be if a claim is made.

Nowadays some life insurance companies will accept photocopies of marriage and birth certificates as sufficient evidence and the originals do not have to be sent to them. They will not, however, accept a photocopy of a death certificate when a claim is made. The reason, it is said, is that one company's actuary once recommended a change in procedure to allow death certificate photocopies to be allowed; the next day he came into his office to find on his desk a photocopy of his own death certificate- his colleagues had found it only too easy to produce a highly convincing forgery.

Obviously companies wish to minimise the possibility of fraud, and so death certificate originals must be produced when a claim is made.

Interested in Marriage, Birth and Death Certificates?

Policies Written Under Trust

The proceeds of a life insurance policy may be made payable to anyone the purchaser of the policy requests. The disposition of the benefits need not form part of the formal contract but can be effected through a will, where it may be stated that the proceeds of a certain policy are to be payable to a specified individual.

If the proceeds are to be payable to a wife or child, there are advantages in making the policy one written under trust under the Married Women's Property Act, since the proceeds then do not form part of the purchaser's estate liable to capital transfer tax. It must be... see: Policies Written Under Trust

Umbrella Companies that work for you

Looking to minimise your tax? Need to create an Umbrella company buy do not know which is the best option to choose? Try Compare the Umbrella. They list the 10 ten best Umbrella company providers.