how do claim funds from an old insurance policy, of a deceased relative?
349759
You may need to contact an attorney to assist you get more information from the insurance company. You may be able to collect, but only through satisfaction of the deceased or beneficiary(ies) wills or local intestacy law. If the money have been paid by the Insurance Company to the State "Unclaimed Property" fund, the rightful person(s) may petition the state for the release of the fund.
1178487
Dear Friend,\n\nDo not let them do this.  A person listed as "payable on death" has ZERO interest in your account while you are still alive.  They just get any assets left WHEN you die, they are not on the hook for any liabilities -- certainly not while you're alive.  Let them know you'll get a lawyer if they don't change their tune -- and that it'll cost them a LOT more than $800.  Bank stealing money from innocent children?  Most judges and any jury in the world would eat that up.\n\nYour Friend,\nFrancesois
244479
OK sorry 2 hear about grandaddy.I know exactly what you mean.FIRST and most of all ,do you have your Granada's information? On paper you need:SSN#,DOB,I.D#,mothersmaidenn name,at least 2 address's.DR. name.Most of all you will need the name of the life insurance company's of which he had.Now all this information I just gave you is for you to take a legal STEP.If not be your own detective!!!!!!FIRST find out how much his policy was 4 and how much his funeral ex-pens.were and do the calculation.If there is a whole lot of $$$presidents$$$ left over and nothing to show 4 then this is what you do.............MY FRIEND: you just let it be .I'll tell you why! After you find out what happened and  if every piece fits the puzzle it will put you at PEACE That's what is probably really bothering you most.REMEMBER if she did wrong it will come back on her it may take 1week,1year it will happen.He up above knows whats rightfully yours,be patient it will all work out I promise!!!One the other hand get a free consultation with an attorney they can help YOU DECIDE .Good luck,Marina
401770
check with the local courts,, start with probate , if the will was filed inm court it will be public record,if not you can file a claim in probate court for the will
139827
Wow, some really dangerous opinions in here!\n\nLife insurance proceeds are there to provide protection for your dependents in three basic areas:\n\n1) Funds made available to pay final costs (burial, medical bills, etc.) and debts (mortgage, credit cards. etc)\n\n2) Funds to make up the difference between the household income before your death and what it would be following your death.\n\n3) Funds to invest to meet the savings goals you would have been saving for had you not died. (Think children's education)\n\nNot everyone has needs in all three areas and like Lady Death alludes to in her answer, you can accumulate assets to offset these needs. This is referred to as Self-Insuring. In an ideal world, we would all quickly accumulate wealth sufficient to fully protect our families while not accumulating enough wealth to fall afoul of estate taxes. In reality this is not always the case, hence the continued need for life insurance.\n\nWhen you first apply for a policy, you go through an intense process called underwriting. This is when the insurance companies underwriters tak a very indepth look at you health (through blood and urine tests, questioning you, questioning your doctors and requesting information on you from the Medical Information Bureau [Think of the MIB as a Credit Bureau that tracks your health]) and your financial situation to determine IF you are insurable and how much your premiums are going to be.\n\nWhen people say you should only buy term insurance, be skeptical. It is a very unobjective thing to say when they know NOTHING of your situation. Term insurance is an easier sale and some salespeople follow the path of least resistance rather than providing the best objective advice to their clients. Buy Term and Invest the Difference- this assumes that you have the discipline to invest the difference rather than spend it, that you accumulate enough assets to self insure before the term period runs out, and that you don't accumulate too much with respect to estate taxes. Otherwose, you find yourself in the unenviable situation of having to go through underwriting again to put another term policy in force, with premiums based on your then current age, of course. This is particularly bad if your health has deteriorated in some way, jeapoardizing your ability to get coverage. Some may say you could convert the policy to permanent insurance at that point but that negates the tenents of the startegy and why put a permanent policy in place then, having given up all those years when you could have been funding it?!?\n\nMy best advice is to consult a financial planner (AVOID anyone who tells you what type of insurance to get without asking any questions of you and run away from anyone who uses a "multiple of salary" approach to determining your need) and have a survivorship analysis completed. Your planner will educate you on the different types of insurance and develop an insurance portfolio to meet your individual situation. It may be that term insurance is the right thing for you right now; maybe not. For anyone to say it is without the facts is not very intelligent nor prudent.\nGood Luck.
843535
It depends upon how the account was held.  If it was a true joint account, which carries with it the right of survivorship, when one owner dies, the other becomes the owner of the funds in the account.
56495
I am filing claims right now on the death of a parent.  The insurance company would not have given her the check to her alone if you were listed as a beneficiary.  She would have had to present your death certificate to get your portion.  I can almost guarantee you that you were listed as a "contingent" beneficiary and that you have no claim.  Drop the issue, you have no claim and all you can do is cause hard feelings.  The reason I can have such confidence is a) I used to sell insurance, and b) the insurer would be liable for the mistake and insurance companies are notoriously scrupulous about such things.\n\nIt is your mother's money alone.
552798
To find out who gets the life insurance proceeds, you must look at your husband's policy. The beneficiaries are usually listed near the end of the policy.\n\nIf no beneficiary are listed, then death proceeds will be sent to his estate and from there on, the court will rule who gets what (unless your husband has written a Will).
313071
Call the insurance company that you had at that time and they should be able to pull up the claim history for that. and yes even if you are not a member of that company anymore they can still look it up for you.
842589
You may only take an insurance policy on someone you have an "insurable interset" in. You cannot take out a policy on a random person. This is to prevent a simple money laundering scheme.  In order for someone to have taken an insurance policy out on you they would have to have som type of financial loss caused by your death. The most common loss is by a family member or an employer of a critical employee such as the CEO.
258468
30-60 days from filing claim if no surprises.\n\nCall the company for the death claim forms..They will then send you a package with the forms that need to be completed.  They will require the death certificate.  You can get this from the funeral home.  Once you submit it in, they will review the claim and pay it.\n\nIf the policy is 2 years old or less it may take a little longer as policies are contestable for 2 years.  In addition if the circumstances of death were unusual it may take longer as well.
649177
There's a lesson to be learn from here. To avoid your future family going through the same mess, get a will. Sorry to hear your mom pass away, but if she had a will, your family wouldn't be so frustrated on who should get what.\n\nIn life insurance, all the name beneficiaries on the policy are paid equal amounts. So there's really nothing to fight about on this topic.
51874
I'm in Florida and here the State runs a site for unclaimed money.  I know inheritences are listed there.  Your state may have a similar service.
1007956
Get to an elder law attorney TODAY to make sure that you can take this money in such a way that it is not reachable by Medicaid liens.  You may have to disclaim the inheritance (and you should if a Medicaid lien threatens to take a large portion of it).\n\nAnd, if a relative is on Medicaid, please, please see an elder law attorney to write your will in such a way that it doesn't hurt them.
640265
most funeral homes understand that people sometimes need help with final expenses.  don't wait till the bill is due, go talk to them and explain the situation.  i'm betting they will come up with a payment program that works for you.  sorry for your loss.
206049
Please speak to an attorney. That is the only way to be sure you are getting accurate advice. I am not an attorney. I just know to do this by finding out the hard way. Sorry for your loss. Good luck.
875171
Depends.  If you are the BENEFICIARY of the policies, they have no claim on your monies or benefits.  Now, that won't stop slimey debt collectors from trying to trick or guilt you into paying.  You'll have to brush up on fair debt collection laws, tell them to stop calling & harrassing or you'll file a complaint.\n\nBUT, if his ESTATE is the beneficiary, then yes, the monies must pay off all his debts before you can inheirit.  Actually, all his assets must go to pay off any debts before any of the heirs can collect - they only get assets less debts.