by veranew1 » Sat Apr 18, 2009 10:16 pm
Hi, I just found my fathers life insurance policies of which I am the beneficary. I contacted American General and they are giving me a hard time. I had to asked them to do research on the policies. They first told me that the policy had lapse and I told them that my father paid his bills and I knew that wasn't right. Then they had to produce my fathers cancelled check. I not only found the cancelled check but I also found his premium payment book that the agent signed each month that he collected payment from my father. I have faxed all that to them. My question is will they have to pay interest on the death benefit since it has been 31 years? If so, what is the standard going rate for interest? I have been trying for 6 weeks to claim this death benefit. One policy is for a $1000 and one if $500.00. What should I expect to receive if they pay interest? There was also 2 more policy numbers that I found but I don't know who the beneficary is on them. Thanks for your help.
Posted: Wed May 13, 2009 04:02 pm Post Subject:
Keep the copy of documents your submitting to them. If agent has done fraud, you can lodge FIR against him. Get in touch with advisor. you can logde compalint with company complaint cell to speeden up the process. You might not get interest as claim was done after long time. you can go to consumer forum or check with your attorney. I have handled such queries, this type of fraud by advisor cases take time to resolve.
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