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Well their is something wrong here. Life insurance goes to the beneficiary. If medicare is involved you have a different story.

This is a more than common situation, and from my personal experience, (depending on your situation) this is the best way to handle it: 1. Is the terminally ill patient coherent>>?? If so, does a Doctor agree that this person is able to make sound mind decisions? 2. If so, just because you are listed as a beneficiary on a life insurance policy does not mean you will receive the money in the event of a death. Immediately get the correct documents (can be found on the internet and printed out for free) stating exactly whom is a beneficiary (or multiple people) and all other specifics. Have a notary to come to the nursing home while you are present with the terminally ill patient. Sign all documents and a) take the docs to an attorney to hold OR b) give them to someone responsible to hold until the event of a death. Then send all information to the Insurance Company. 3. In addition, the Insurer will need to write out all persons that will not receive benefits, and people who will. Once all heirs are contacted legally (meaning people who will and will NOT receive money and/or goods), through an attorney only) then a 120 day probation period begins for persons to appeal. If no one appeals decisions of who the inheritance is going to, then case closed. If person(s) do, then court is the next option. If you DO NOT get at least the above done, then chances of the State you reside in taking over the benefits is most likely to happen. You will have to fight to get them, and you may only end up with much less than half of the original amount. Good luck. Yes. Policies with named beneficiaries are not subject to seizure by the deceased creditors (including Medicare or Medicaid) nor do they become a part of probate procedure.

2008-11-03 10:41:39
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Related Questions

Who is eligible to collect life insurance?

The person who is eligible to collect life insurance is the beneficiary. Anybody can be named the beneficiary. There are steps that need to be taken before a person can collect.


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If the insurance policy is older than two years of contestability period, then a benefit will be paid to the beneficiary.


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Life insurance is usually governed by beneficiary information on the policy. In other words, whoever the beneficiary is on the policy will the one to collect. You may want to consult a local lawyer to confirm this.


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Though paying rebate to insured by agents is prohibited, that does not hinder in the way of getting insurance proceeds.


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Can a non beneficiary family member collect an unclaimed life insurance 45 year after the persons death?

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No, suicide is an exclusion where a death benefit is concerned.


Can ex-spouse collect deceased husbands insurance if first deceased wife name is still listed as beneficiary?

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Can your beneficiary collect benefits from your insurance policy if you commit suicide?

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How can second divorced wife collect deceased husbands insurance policy when first deceased wife of husband is still named beneficiary?

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Can the beneficiary collect on insurance if charged with death of the insured?

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