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?

Answer 1

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.