My name is Gwendolyn Watkins Jefferson. Did my mother, Pearl C. Watkins have a policy on me?
mom died need to know if she had a policy.
Once they die you have to cash it if you want to get the benefit of it. The policy does gain any more value after they die so its in your best interests to make the claim and get the payout.
If you are over 21 you are now the owner and can do whatever you want. Be careful, if you are young I am certain your reasons for cashing it in are for fun and frolic rather than reason. Your grandfather bought you the life insurance for a reason and I am sure it is a fine policy. Do not now go doing something stupid. Is it in your bnest interest to cash in the policy? Seriously?
My Mother, Martha H. Bartlett, died on January 7, 2013. She had an Equitable Life Insurance Company policy. The policy no. is 530711031. Would you please let me know anything about this policy. I am her daughter, Carolyn Bartlett Burnett.
The owner of the policy can change beneficiaries at any time. The owner can also determine whether to continue making premium payments, take a policy loan, or take back the cash value of the policy. If the primary beneificiary died there may no longer be a need to keep the policy. You can change beneficiaries, or cash out the policy.
I would consult an attorney if I were you.
Normally a policy docment is surrendered to the insurance company to initiate payment. As all insurance companies are different, check with the insurance company whether they have paid out on it and whether they have a time limit on claims.
Not unless you are named on the policy.
every 1 died every 1 died
if someone died and left an insurance policy and named me beneficiary how can i find out
When an insured person dies, presuming the policy is "in force," and the contestable period is past (two years from the date of issue), the insurance company pays the death benefit to the beneficary(ies). Cashing in a policy usually can only be done by the owner of the policy, or by someone to whom the policy has been assigned, prior to the death of the insured.
Mutual Ins of NY is sold pretty much nationwide. Give them a call and file a claim. You have the policy, just call and ask for the claims department.