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 Posted: Mon Dec 15, 2008 8:25 pm Post subject: my stepgrandfather is keeping insurance policies from me.. |
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| my grandmother died in 2001 and left me and my family insurance policies. she was married but due to the circumstances of her marriage she didnt leave her husband (my step grandfather; not blood) anything. to this day he has all of the insurance policies locked up and says no one is getting anything until he dies, even though his name isnt on anything. she left me money for college, and i am now 18 years old and ready to go to college. I live in San Diego, CA. and none of us no what company the insurance policies are from. what are my rights? what must i do to get the policies that i am entitled to?? i really need the money and he is not willing to give the policies up, even after 7 years..PLEASE HELP ME!!! THANX. --DG |
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Grant
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| Posted: Mon Dec 15, 2008 10:18 pm Post subject: |
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Well Grant first and formost your step-grandfather doesn't own those policies. They ARE NOT his property. Hire an attorney and sue him.
Your grandmother owned the policies. Of course who knows if those policies are still in-force or if he has stripped the cash out of them.
None of that will matter as long as the policies were in full force and effect on the day your grandmother died.
If he did anything with those policies after her death that would be fraud.
Hire an attorney, that's your only recourse. You may also contact the state attorney's office.
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GarySpicuzza
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| Posted: Tue Dec 16, 2008 2:14 am Post subject: |
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If Grant is one of the beneficiaries of the policies, does he need to have the policies to make claims?
I believe the insurance companies may have duplicate copy if not original copy of the policies. The challenge now is to find out which insurance companies Grant's grandmother bought insurance poilcies from.
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Xoseph
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| Posted: Tue Dec 16, 2008 2:18 am Post subject: insurance |
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| Ok..just curious, XOSEPH.........where do you 'start from' to FIND this information? |
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sdchargersfan
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| Posted: Tue Dec 16, 2008 10:36 am Post subject: |
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| Quote: | | If Grant is one of the beneficiaries of the policies, does he need to have the policies to make claims? |
Xoseph, he doesn't even know which insurance company it is. At least, he needs to contact the insurance company and let them know that he likes to file a claim with them. The insurance company can surely pull the duplicate policy, but the first move should be made by the beneficiary.
However,
| Quote: | | Your grandmother owned the policies. Of course who knows if those policies are still in-force or if he has stripped the cash out of them. |
Gary, can the grandfather do that? As far I know the insurance company won't pay the benefits to any one else other than the beneficiary. |
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simon
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| Posted: Tue Dec 16, 2008 10:38 am Post subject: |
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| Quote: | | Of course who knows if those policies are still in-force or if he has stripped the cash out of them. |
Is it really possible for someone to deceive the beneficiary that way?
If you have had real-life experiences of such cases please share that with us over here!
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#PalinRome
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| Posted: Tue Dec 16, 2008 11:35 am Post subject: |
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| Quote: | | Gary, can the grandfather do that? As far I know the insurance company won't pay the benefits to any one else other than the beneficiary. |
No, of course he can't do that and the benefit will ONLY be paid to the beneficairy. Like I said the guy doesn't own the policies.
Another bIzaRre story.
You don't need the policies either to file a claim but you would have to know who the insurance company is.
It's strains believability that someone would wait 7 years and allow this situation to continue. Doesn't make common sense. OP being eleven years old when Grandma died I'd like to know where was OP's mother and father for the past 7 years? They would be the natural parties to confront step-grand-pops years ago.
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GarySpicuzza
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| Posted: Tue Dec 16, 2008 12:06 pm Post subject: |
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| Quote: | | Is it really possible for someone to deceive the beneficiary that way? |
It's possible.
Anyone could request a policy cash surrender form, fill it out, forge the signature and send it in and the company would send the check.
Of course the check would be made out to the person who is already deceased and even if you had a joint account and wrote "For Deposit Only" on the check the date of the transaction would still be on the check which would be past the day the person died.
| Quote: | | If you have had real-life experiences of such cases please share that with us over here! |
I had one beneficiary who was trying to steal/acquire her brother's share of the proceeds. There were 4 beneficiaries. She was trying to submit her information, get paid, and then submit for him. He didn't even know he was a beneficiary as the policyowner was his great-aunt from Florida.
Her tangled little web came unhinged though because with multiple beneficiaries the insurance company won't release any funds to anyone without all claim forms in order. Finally after 8 months I got a call from one of the Florida beneficiaries who was hissed off he hasn't received his money yet.
We got great-nephew's info to the company and then all the claims were paid.
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GarySpicuzza
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| Posted: Tue Dec 16, 2008 12:36 pm Post subject: |
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wait you all...(that keep talking about beneficarys etc) I don't think the policys are on grandma's life, rather policys on the grand daughter...herself... | Quote: | | left me and my family insurance policies. |
sounds to me like they are some type of cash withdraw policys etc...that grandma bought for her children and/or grandchildren...they may be paid up...anyway, that's how i read it...it wasn't on grandma nor was the OP a beneficary she simply wants the policy that grandma bought for HER life...and whatever cash benefit there may be
| Quote: | | It's strains believability that someone would wait 7 years and allow this situation to continue. Doesn't make common sense. OP being eleven years old when Grandma died I'd like to know where was OP's mother and father for the past 7 years? They would be the natural parties to confront step-grand-pops years ago |
...i can see why there was no hounding of step grandpa till now (by the OP that is)...she didn't need the money (college) till now...I do agree however, that it was the OP's parents OBLIGATION to protect their child...and they should've taken a stand right after grandma passed and got those policys then and there (i sure would have, fight or not)...
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Lori
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| Posted: Tue Dec 16, 2008 12:50 pm Post subject: |
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Regardless......I'll stand by my first reply:
| Quote: | Well Grant first and formost your step-grandfather doesn't own those policies. They ARE NOT his property. Hire an attorney and sue him.
Your grandmother owned the policies. Of course who knows if those policies are still in-force or if he has stripped the cash out of them.
None of that will matter as long as the policies were in full force and effect on the day your grandmother died.
If he did anything with those policies after her death that would be fraud.
Hire an attorney, that's your only recourse. You may also contact the state attorney's office. |
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GarySpicuzza
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| Posted: Tue Dec 16, 2008 1:02 pm Post subject: |
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Hi,
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Her tangled little web came unhinged though because with multiple beneficiaries the insurance company won't release any funds to anyone without all claim forms in order. |
That seems quite interesting. It means for all those 8 months, she'd never made any attempt to inform her bro regarding this benefit, lest she misses out on something. Now, when you came to know of her bro...did you guys have any right to charge her with a penalty (coz I guess she kept the insurer in complete darkness..). Also, does the bro has any authority to sue his sister if such allegations come true? ..am jus askin you out of curiosity!
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#PalinRome
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| Posted: Tue Dec 16, 2008 3:03 pm Post subject: |
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| Quote: | | That seems quite interesting. It means for all those 8 months, she'd never made any attempt to inform her bro regarding this benefit, lest she misses out on something. Now, when you came to know of her bro...did you guys have any right to charge her with a penalty (coz I guess she kept the insurer in complete darkness..). Also, does the bro has any authority to sue his sister if such allegations come true? ..am jus askin you out of curiosity! |
It's not a matter of me "coming to know of her brother."
As the agent I simply list the primary beneficiaries and their relationship to the Insured.
Such as:
1) Name, niece
2) Name, nephew
3) Name, grand-niece
4) Name, grand-nephew
The insurer was not in the dark. The insurer was simply waiting until all claim forms were signed, notarized and in good order with current addresses before they released any money to anyone.
All the funds simply sat on deposit with the company at 3% until the claim forms were in order.
The grand-nephew was the one who finally.....had ENOUGH and contacted my office. I thought the claim was paid months earlier as we're not typically involved with the claims past reporting the death and advising where to send the claim forms.
There is nothing to sue anyone about.
From the insurer's perspective they simply had inaccurate or incomplete information and the claim just sat until the issues were resolved.
I found out about these multiple address problems from the grand-nephew and also the "niece" claimed she had "Power of Attorney" or was the "Guardian" of the ADULT nephew but never produced any supporting documentation.
The grand-nephew was in Florida and all the other beneficiaries were out of state.
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GarySpicuzza
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| Posted: Tue Dec 16, 2008 9:26 pm Post subject: insurance |
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| If Granny DID pass away, so many years ago, I want to ask this question, too. Why wait so long to 'fight' it now? It din't bother you THEN? I'm not saying no one doesn't deserve it, I'm just saying did 'circunstances' change...that you din't need it THEN and NOW you do? Since the child was a minor then, that's when the family/parents needed to 'stand up' for this child, or at least, stand up for themselves. |
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sdchargersfan
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| Posted: Tue Dec 16, 2008 11:07 pm Post subject: |
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| Quote: | | circunstances' change...that you din't need it THEN and NOW you do? |
IMO that is precisely the deal...
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Lori
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| Posted: Wed Dec 17, 2008 2:47 am Post subject: insurance |
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| Obviously the grandkids din't get any money from the policy. But...did 'Grandpa 'cash-out' yet? Does sound like a (too familiar..I may add) case of someone being 'money hungry' and trying to 'take control'. |
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sdchargersfan
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