Yes. The executor and primary beneficiary may be the same person. To find out more about selecting an executor, click here.

In life insurance,Primary Beneficiary is the beneficiary designated by the insured as the first to receive policy benefits.

A beneficiary may not assign or transfer VGLI proceeds to another person. In addition, VGLI proceeds are not subject to claims of creditors of the insured or creditors of the beneficiary.

Yes, you can. You can name any adult, a childe / student or other dependant as the beneficiary. The choice is upto you as to who you want covered. We will price a package to reflect your needs.

The Primary Beneficiary is the first person or entity you want to receive the proceeds of your accounts. There can be more than one primary beneficiary, for example you could name. The secondary beneficiary is the second person or entity you want to receive the proceeds of your accounts should the primary be deceased or not meet specific serviceable qualifications you have instructed. There can be more than one secondary beneficiary just as the example above appears.

In most instances, when a person dies owning property of any real value, it is necessary to appoint someone to administer the estate. That someone could be an individual close to the deceased, a bank or trust. That individual who acts for, or "stands in the shoes of," the deceased is called the personal representative. If the personal representative is named in a will and the will is accepted as valid that person is known as the executor.

The only time a friend or a non-relative, such as a business partner, can be designated as a primary beneficiary is if the planholder is still single and an insurable interest exists between the planholder and the beneficiary. A written affidavit must be submitted along with the application.

Part of your responsibility in preparing a Will is deciding whom to appoint to carry out the directions and requests in your Will. This person is called an executor, or if female, an executrix. If the person you selected cannot or will not serve in that capacity, the probate court will appoint someone else.

When you apply fo VGLI, you can name any person, firm, corporation or legal entity as the beneficiary of your VGLI. To change a beneficiary, complete, sign and submit to OSGLI: form SGLV 8721, Beneficiary Designation - Veterans' Group Life Insurance.