life insurance payout on missing person

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PostPosted: Sun Nov 04, 2007 4:47 am   Post subject: life insurance payout on missing person  

This is something that I've always wanted to know. I'm not sure if the answer is state specific or not, but how long deos a person have to be missing before a life insurance company will pay a death claim??

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PostPosted: Sun Nov 04, 2007 9:48 am   Post subject:   

That's a good question, I personally don't know, but there are a few life ins experts here and hopefully they will comment. Wonder if a person is in 'missing' status if they must be 'declared' dead before any type of death benefit would pay (SS-retirement etc). Is that seven years for that?

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PostPosted: Mon Nov 05, 2007 7:32 am   Post subject: Seven years.....I guess  

Right, I too think it is seven years before the missing person can be declared ‘dead' and his/her life benefits are paid towards the beneficiaries.


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PostPosted: Mon Nov 05, 2007 8:40 am   Post subject:   

Hey, have you faced any such problem? Well, the statutory limit of declaring one missing person ‘dead' is seven years. However, sufficient circumstantial evidence needs to be placed before the court of law to declare the person dead before the time period lapse.



Although, there is no unanimity among the legal bodies upon evidences that are to be counted as circumstantial evidences but the following situations are likely to qualify:





  • When the age of the insured is likely to cross the limit of any human survival.



  • When the possibilities of the insured getting involved in any danger are high.



  • When the insured was suffering from deteriorating health status at the time disappearance.



  • When the insured is inconsistent with his/her behavior.

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PostPosted: Fri Aug 06, 2010 10:44 pm   Post subject:   

george l fisher


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george lfisher jr
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PostPosted: Sat Aug 07, 2010 5:19 pm   Post subject:   

Quote:
how long deos a person have to be missing before a life insurance company will pay a death claim??




The answer is:



As long as it takes to obtain a death certificate.



The City of New York did the "right thing" following the Sept 11 attacks, and very quickly issued death certificates to anyone who could show a reasonable likelihood that someone who worked in the WTC buildings (or were on the ill-fated aircraft) had died, even though their deaths had not yet been proved.



State laws vary, and the "seven years" business is not necessarily correct. What is correct is that a court may, upon a satisfactory showing of evidence, declare a person "dead" and judicially order a death certificate be prepared. That could take a few months to several years.


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PostPosted: Tue May 10, 2011 4:10 pm   Post subject: My wife is a missing person  

My wife is on national "Missing Persons" list, and has been since 02/03/2006. When she disappeared, she worked for the State of Florida, where she had the life insurance policy they offered. When and how do I get her declared deceased? Will I still be able to file a claim on this life insurance policy if she is declared deceased


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PostPosted: Tue May 10, 2011 4:36 pm   Post subject:   

You will have to petition the court for a declaration of death. Once that petition is granted, a certified copy of the court order may be presented to the insurance company for payment of the death claim. The death claim is payable (with interest back to the "date of death") as long as the policy was in force at the time of the insured's death. It will be important for the court to establish the date of death as close to the day of disappearance as possible to avoid any issues concerning the policy being in force.



Until you can provide legal proof of death, however, no claim is payable.



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PostPosted: Sat Dec 15, 2012 4:05 am   Post subject: Missing person Insurance Claim in india for Personal Acciden  

Missing person Insurance Claim in india for Personal Accident Insurance Policy if person is misforutne whether such claim payable?


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anonymousK.Desai
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PostPosted: Tue Jan 15, 2013 12:54 pm   Post subject: MISSING PERSON  

OPEN POLICY 1994 1995 PREMIUM PAID

1995 PERSON MISSING

TODAY POSSIBLE TO CLAIM


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PostPosted: Wed Aug 20, 2014 5:56 pm   Post subject: missing person  

can you collect on a policy when you obtained the policy after the person was already missing for six months or less ? and all payments were made? we had no thought of him being dead but it has been seven years, should we stop paying for the policy?


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PostPosted: Fri Aug 22, 2014 4:36 am   Post subject:   

You purchased insurance on someone who was not present to sign an application for insurance? Sounds like a fraudulent application, in which case the death claim is not likely to be paid and all premiums paid will be refunded. In certain states, application fraud is a prosecutable offense.



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PostPosted: Sat Sep 27, 2014 11:41 am   Post subject: Life insurance for people over 80  

Some days my elder sister has died by cancer diseases .At that time her age was only 40.Before 15 years ago of her death she insured a policy to a life insurance company namely Alico.After her death i faces great problem to get the amount of insured policy.My problem is exactly like yours.



When anybody's age 53,he is not able to insured his life to any life insurance company.Because his age stay already at risk stage.No insurance company don't allow to insured such age of people.



Basically after 40 years of men and women faces different kinds of diseases .At the age of 50-60 many people in danger situation.



After 40 years of age men cause a great problem of his or her body.Actually this time is very risk.



When a man or woman died before his expectation ,his or her heir will faces to get such kind of problem.But all the time it does not hamper for any heir.



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PostPosted: Sat Sep 27, 2014 3:21 pm   Post subject:   

Nothing in this post above is accurate.



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PostPosted: Tue Oct 14, 2014 12:24 pm   Post subject:   

The benefits of life insurance policy is not paid automatically, a person will legally declared death if a person is having any proof of missing and any proof for the death of that person. If a person is missing for a specific or an extended period of time and having no evidence then the person is still alive and if the circumstances of that person is disappear then it is believed that the person will death.

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