by sadlerins » Wed Nov 24, 2010 05:25 pm
One of my clients asked me how she could find the info on a policy that was in force when her Mother in Law (the insurd) died 15 years ago., The company is Western Southern Life Insurance Co. Is there a statute of Limitations and how would she go about finding the policy?
Posted: Thu Nov 25, 2010 02:45 am Post Subject:
There is no statute of limitations on death claims. Interest is payable from the date of death, as specified in state law.
Western Southern Life Insurance Company -- 1.866.832.7719
https://www.westernsouthernlife.com/
Alternate resource:
http://www.mibsolutions.com/lost-life-insurance/
Posted: Thu Nov 25, 2010 04:19 am Post Subject:
Yup, she should be happy to know that not only is the death benefit still payable, but there's 15 years worth of interest also payable. Hopefully she's the beneficiary, otherwise she's made someone else day.
Posted: Thu Nov 25, 2010 07:29 am Post Subject:
Should mention that the base death benefit will be paid income tax-free, but the accumulated interest will be taxable as ordinary income.
Posted: Thu Nov 25, 2010 11:39 pm Post Subject: life insurance policy lost on an insured that died
Thank You, as usual this is very helpful! Maxx you are very knowledgeable and appreciated. I have been selling and servicing Health Insurance most of my Insurance career, but have been selling Life Insurance for about a year now and I learn something new everyday! I Love helping people!!
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