by sammy227 » Wed Jun 16, 2010 02:06 am
My friend told me that her and her brother finally got a check from their dad's life insurance. This is the one where there was no one listed as she claimed. She said that this did not go into his estate and the half sister's attorney fedex her check. She said she and her brother deposited the check into their accounts and it's been 3 weeks and she said it still hasn't cleared. Is this possible that it takes that long? The checks were for 50k each. I thought it only took a few days to clear? I hate to say this, but is there is possibility that she's just saying this? Why would there be such a long wait?
Posted: Tue Dec 14, 2010 06:45 pm Post Subject: insurance
Not all insurance companies open an account for you to withdraw money from. I recently received a beneficiary check and had it mailed to my home. It just depends on the case and State Laws. :roll: :D
Posted: Tue Dec 14, 2010 07:16 pm Post Subject:
usually life insurance companies don't send checks. They create an account, deposit the money into the account, and give the beneficiary a checkbook to draw checks against the cash in the account.
If an insurance company sends you a check book, please let me know. There is currently a huge lawsuit being drafted for this sort of thing and you're more than likely going to get paid more money than you expect.
Posted: Wed Dec 15, 2010 07:51 am Post Subject:
Ummm, usually life insurance companies don't send checks.
Looking back on this aging comment, I would generally disagree. Some companies do create a draft account, issue a checkbook, and charge a nominal fee for extra checks. But, that is more the exception than the rule. If a person did not want that, they could simply pack it up and send it back to the insurer and request a lump sum payment. Most insurance companies write death claim checks and relieve themselves of all future responsibility to the beneficiary.
What Mark Colbert is talking about is a bit more insidious. There are some companies that may be creating the "draft account" but then charging monthly fees that erode the money in favor of the insurance company.
That's plain wrong. The death benefit is entitled to go to the beneficiary(ies) without diminishment in value (other than, perhaps, the repayment of a policy loan and outstanding interest). For the insurance company to stick its thumb back into the pie is nothing more than greed in light of someone else's grief.
Posted: Thu Jul 13, 2017 01:56 am Post Subject: 1314561318366
04/07/2017.tnc apply hdfc
Posted: Thu Jul 13, 2017 01:56 am Post Subject: 1314561318366
04/07/2017.tnc apply hdfc
Posted: Thu Jul 13, 2017 02:08 am Post Subject: 1314561318366 on04/07/20a17.tnc apply.hdfc Life
Check no 000000010274 se paymet kiya gaya hai abhi tak polcy no.nahi aya hai batane ka kast karen
Posted: Thu Jul 13, 2017 02:08 am Post Subject: 1314561318366 on04/07/20a17.tnc apply.hdfc Life
Check no 000000010274 se paymet kiya gaya hai abhi tak polcy no.nahi aya hai batane ka kast karen
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