If you are asking whether or not a stated beneficiary in a life insurance policy is entitled to the proceeds of the policy if there are no exclusions to payment because of the cause of death, the quick answer is yes. You need to notify the insurance company of the death of the insured and, if possible, provide the policy number and other identifying information.
This response does not create an attorney-client relationship. Unless you are already a client of the Law Office of Sidney Weinstein, pursuant to an executed fee agreement, you should not use, interpret, or rely on this response as legal advice or opinion. Do not act on any information in this response without seeking legal advice. Sidney Weinstein, firstname.lastname@example.org, (404) 522-3108.
If you feel you or a loved one were wrongfully denied money to which you were entitled under a life insurance policy, this could be insurance bad faith. You should contact my office so we can discuss what can be done to help force the policy to pay.
The answers on this discussion board are general in nature and NOT intended as legal advice. Responding to questions does not constitute an attorney-client relationship. Always see a lawyer about your individual situation.
here is no time limit for claiming a benefit, if you are a beneficiary, and the time limit on the policy was still remain unaffected even after the death of the insured. So, the claim can be made even years later, whenever you come by the information about the policy. The following sources can help
Personal records: Personal records should be checked very thoroughly,
Legal representatives: Legal representatives, such as lawyers or accountants should be contacted, as they might possess information related to investments made by the deceased, including any insurance policy. We can always check up with them,
Banking records and safe deposits: Past banking records should be checked, for any payments made towards premiums, or any other payments related to the policy.
Credit card companies: Credit card companies should be checked to see whether the person may have made any credit payments, relating to any insurance policy
Previous employers: Previous employers should be contacted, to know if the person was a part of any group insurance plan or scheme.
Income tax returns: Income tax returns should be checked for any tax deduction, or any returns availed, on any of the policy holder's investments.
Travel agents, airlines, cruises: In cases, where the person's death has occurred while traveling,
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