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As a beneificary of an insurance policy that was owned by a deceased family member and the company went public and the policy went to stoc k would you as the nephew still be the recipient of the benef?
Wiki User
∙ 16y ago
You as the beneficiary of the insurance policy should have been paid the face value of the policy. Why the insurance company has not paid you yet is not a good thing!!! All you would need would be a death certificate and the policy stating you are the beneficiary, this money should not be taxable, it is not income, sometimes it is used to pay funeral expenses. hopefully it is a substantial amount. my husband and I have a $lot, if our death is an accidental it is doubled. If the deceased died by an accident, check the policy to see if it has a double idemenity clause, usually they do! I don't understand why the company going to stock would have any bearing on this policy. you need to get in touch with the insurance company.
Wiki User
∙ 16y ago
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Who is responsible for a deceased person credit card?
Bank's Insurance company
How do you find a deceased fathers life insurance company?
Search documents.
How can I find my deceased brother's life insurance policy?
If you don't know the name of the insurance company then you can go to the website of FindLostLifeInsurancePolicy and do a search.
What happens if the beneficiary of a life insurance policy is deceased and there is no will?
In case of death of the policy holder, with beneficiary already deceased and there is no will, the Insurance Company will pay only to the Legal Heir of the Policy Holder. The death claim will be kept in abeyance till the legal heir proves his legal identity to the satisfaction of the Insurance Company.
Should a life insurance company notify funeral home when a claim is filed?
In the UK there is no onus on a life insurance company to notify a funeral director of the existence of a life insurance policy, that is a matter for those handling the deceased's estate.
Can the beneficiary see a copy of the life insurance policy of a deceased parent?
Contact the insurance company for information on how to make your claim and ask if they can supply a copy of the policy.
How do i find out the name of the life insurance company so you can cash in your policy?
If you believe that you are a beneficiary of someone's life insurance policy, but don't know which insurance company - go to court and request to see the probate file of the deceased's estate. It should be listed there.
Does a will have any effect on a life ins policy?
No, it does not. Life Insurance is a contract between the deceased and the insurance company. Unless the estate has been listed as the beneficiary, the will has no affect on the policy.
Can a 50 percent life insurance beneficiary be forced to pay 50 percent of the funeral costs?
There is no requirement that they do so. The life insurance is a contract between the deceased and the company.
How can you check if old life insurance policies from your deceased parents are worth anything?
Contact the company (or companies) that issued the policies.
What companies will insure a car while it is in an estate?
Generally the insurance company who was the company for the deceased will continue to be the insurance company for the estate of the insured as long as the administrator is honest with the agent and lists any and all possible drivers on the policy if they might be driving the vehicle.
Does car insurance become cancelled when the owner passes away?
Not unless the deceased calls the company to cancel. The insurance company cannot cancel the policy unless it is requested in writing by the insured or executor or if it cancels for non-payment.
