Home | Links | Contact Us | Bookmark
Financial Forum Search :
   Homepage      News      Financial Topics     Finance Directories      Financial Forum      Dictionary  
Financial Forum    Insurance
Finance Discussion Forum

 I moved from one city to another same state ,does it effect my auto insurance rates?
is it better switching to cheaper one..what happens to all the money i am paying for this insurance if i switched to another one?...


 Do you get health benefits when you work full-time?
Is an employer required to provide health benefits for a full-time employee?...


 Looking for Disability Insurance? Where should I start? Any suggestions of good proviers?
I have recently became a independent consultant and am looking for getting a Disability insurance. Would like to know the experience of other people who got disability insurance privately like me....


 Traffic ticket and insurance?
Can a single, unmarried, never been married before man with no kids who has had some speeding tickets in his life (80 in 55 or 65MPH zone) still have auto insurance?...


 Making an insurance claim?
On Saturday I was the victim of a robbery where I was hit over the head with a baseball bat and had my gold chains stolen.

After the attack i went home with the intention of cleaning ...


 Can we do away with the current income system and come up with a national sale tax?
a tax system to be fair to all. people and business rich, middle class and poor with no exemption at ...


 How much do you pay for car insurance?
Tell me your age, gender, car insurance agency, any tickets, driving experience years, and lastly how much do you pay for your car insurance. Just want to see some comparisons by fellow Yahooers.
<...


 I got an email saying that someone died in 2002 that had me on their insurance policy, and was for 6 million?
i don't want to write them because they might ask for infromation that they might use to con me or something what should i do....


 Would my insurance cover weight loss surgery?
I am 20 years old and I weigh 215lbs and my BMI is calculated to be 38.1. I was wondering if my insurance would cover a type of surgery for weight loss. I have Tricare under my dad's name, and I ...


 My Condo wants to be named as additional insured on my condo policy. ?
What does this mean? Also, do they share in an award if I sue someone under my condo policy. I live in Florida....


 How much is workman's comp insurance?
I am starting a new company and I have (5) full time and (3) part time employees........

The company will gross just under 100k....

I would like to know what the cost will be.<...


 Help!! Caught in a 3-way with my dentist, finance company, and insurer!?
This is very complicated. Can anyone help? I was informed by my dentist that I needed 4 bridges and that my insurance would not pay for it. So he had the financing coordinator come in and she filled ...


 How do you start a home based auto insurance? Example making quotes, issuing insurance and taking payments.?
...


 Should maternity coverage be optional?
Maternity coverage (usually at 100% coverage) is usually included in most health benefit coverages and yet only applies to a small fraction of the people who have health coverage. It's also the ...


 How do I get 3 million dollars worth of life insurance?
...


 What qualifies as a pre-existing condition for insurance, and is there any way around it?
My boyfriend is self-employed and also works about 20 hours/week for a retail store. (No benefits.) He is uninsured and now just learned he needs to have surgery. It is not life-threatening, but ...


 How can I apply for Insurance???
Is there a site where i can go and Apply for Insurance??? Is there another way to do it??

Thanks that would be great....


 How much of ther interior of my condo is covered under "bare walls" policy?
Will a bare walls fire policy cover bathroom fixtures and flooring etc? what about plumbing and lighting?...


 When obtaining life insurance, why do they do a cheek swab?
...


 Do you have to be added to car insurance if you live in the house and only have a photo id/not a license?
...



JaneStClaire
Mom didn't sign her life insurance policy. Insurance company reverting to old one. Can I sue?
She worked for the federal government and was very sick when she made her beneficiaries. Now they are saying that it is not valid and will pay from an old policy. They are having us fill out a form stating that we don't contest it even though we do. We are fearful that one sister named will not do the right thing and split is as our mother intended. Any answers are appreciated.
                     
 




Tom Z
Rating
From what I gather from your question when you say the "old policy" I think you mean the original beneficiary designation and that the more recent beneficiary change is not being recognized as valid.

It's not a question of the death benefit not being paid it's a question of who the death benefit is going to be paid to. You need a lawyer's advice because you will have to prove what your mother's intention was before she passed away.

If she submitted the beneficiary change to the company but merely forgot to sign it perhaps you have a case. On the other hand if she told you that she was going to change the beneficiary designation but never got around to sending it in you are probably out of luck.


Angie
You need a lawyer. If this is not something you want to do, then don't sign anything until you get some good professional advise.

Here's a question for the insurance company -- did she pay more for the newer policy that is not going to get paid out? If so, then at the very least they owe you a refund for any additional premiums that were paid.


Mr. Prefect
Do not sign anything. Get a lawyer first. If your mom didn't sign this document, "and paid premiums", then the insurance company is responsible, as they approved it.
If it was never placed in effect, since it was not signed, you may have a problem, but talk to a professional first.


Expert Realtor
You don't have to sign anything if you don't want to. Remember that.


mbrcatz
OK, if she had previously designated that sister as sole beneficiary, and the forms are filled out correctly, then she incorrectly filled out a change of beneficiary form and didn't sign it, of COURSE the original beneficiary clause stands.

If the policy doesn't have the beneficiaries properly designated, the policy should pay her estate. Then it goes to pay all her bills, and any leftover will be distributed according to her will, if she had it, or state law.

"Intentions" mean NOTHING. All that counts, is who is named on the beneficiary clause. If all the money is to go to one sister, then it's HER MONEY. She doesn't HAVE to share it.


What your mother TOLD you, could have been meant to appease you and avoid a fight with you. What she did in writing is what counts. Sorry.


Don't let money (or the lack of you getting any) ruin the relationship with your sister.


aaron p
Rating
You need a lawyer. It sounds like if she was so sick she forgot to sign it, perhaps she was not even lucid. If that was the case, it would not be valid even if she did sign it.

Do not sign a form stating you do not contest the beneficiary until you talk to a lawyer or three.


 Enter Your Message or Comment


User Name:  
User Email:   
Post a comment:







Archive: Forum -Forum -Finance - Links - 1 - 2 - RSS - All RSS Feeds
The Causes and the Results. 0.024
Copyright (c) 2011 Financial Crisis Monday, May 28, 2012 - Terms of use - Privacy Policy