After your elderly relative was diagnosed with terminal cancer, she made one thing clear: she didn’t want to die in a hospital. You did the right thing: you took her home, made her comfortable, and made sure she lived out her last few months exactly where she wanted to be. Today, more and more people […]
You’ll never forget the day you got the phone call: your father died. He was in a long-term care home, recently recovering from surgery. He was doing better, you thought, but the attendant on the other end assured you that “he was just old.” You hung up, dazed, and went through the motions of funeral […]
You don’t want to think about what will happen if your spouse dies unexpectedly. While you cannot prepare for the emotional trauma, you are at least well prepared for the financial difficulties: you both have good jobs, a home, and a solid life insurance policy. But what if the unthinkable happens… and you’re not as […]
When a life insurance claim is denied, many people will be frustrated and angry… but will pursue no further action. The thousands of dollars their loved one paid into life insurance over the years will be withheld due to an insurance company’s technicality: a missed payment, one missed signature, or an unexplained “filing issue.” It […]
Some Life Insurance Companies Abuse “Retained Asset Accounts” In some cases, instead of denying a life insurance claim outright, some life insurance companies hold a claimant’s cash in a retained asset account instead of making a full payout to the beneficiaries of the deceased account holder. A retained asset account is an account which earns […]
After the death of a loved one, filing a life insurance claim can be overwhelming. But there a few simple steps you can take to make the task less daunting.
It’s unfortunate, but some life insurance beneficiaries have been shocked to find their loved one’s life insurance policy has been cancelled postmortem. While postmortem life insurance cancellation is not very common, it usually happens with policies which are less than two years old. Since some states allow a life insurance company to cancel a policy […]