Is beneficiary able to collect on life insurance policies from 1959?

Asked 8 months ago - San Diego, CA

I am DPOA for a friend who has dementia. We have been cleaning and packing in anticipation of her move to assisted living. We came upon two New York Life insurance policies. One issured by each of her parents had the spouse as first beneficiary and my friend as second. Both policies were issued in 1959.

Attorney answers (4)

  1. Kelvin P. Green

    Contributor Level 18

    3

    Lawyers agree

    Answered . If they are still valid, I would think it can be collected on with proper proof

    This is for general information only. Nothing in this information should be construed as creating an attorney-... more
  2. Vance Tate Davis

    Contributor Level 16

    3

    Lawyers agree

    1

    Answered . Use the DPOA to contact the insurer and inquire about whether the policies remain in force.

    It is impossible to give specific answers to questions without meeting and fully discussing all of the potential... more
  3. Eric Jerome Gold

    Pro

    Contributor Level 19

    1

    Lawyer agrees

    Answered . MY colleagues are correct. If the policies are still in force, you should be able to act as the agent pursuant to the DPOA to establish policy status.

    ** LEGAL DISCLAIMER ** My response above is not legal advice and it does not establish an attoreny-client... more
  4. John K Lassen

    Contributor Level 20

    Answered . More info is needed to evaluate. Retain a life insurance lawyer. Here, I Googled it for you www.InsuranceClaimLawFirm.com

    John Lassen 1-877-252-4630

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