Why is a death benefit deposited with a court?
- When the beneficiaries are minors
- If there is no Designation of Beneficiaries and there is a widow(er), but you fail to submit a marriage certificate or declaration of heirs that certifies the widow(er)’s usufruct
- The beneficiaries are not capable of managing funds
- The beneficiaries die before the insured and no declaration of heirs is submitted
- The beneficiaries die at the same time and it is not possible to determine who died first
- If the beneficiaries’ whereabouts are unknown
- If there is more than one Designation of Beneficiaries
- More than one person is claiming benefits
- Total of the distribution indicated in the designation does not add up to 100% of the coverage
- It is not possible to determine whether the beneficiaries came of legal age
- Beneficiaries are suspects of the insured’s death
- An accidental coverage is claimed and a determination cannot be issued as to whether the death was self-inflicted