by Guest » Thu Dec 02, 2010 11:10 am
My father change his life insurance beneficiary from his two children to his girlfriend 18 hours before he committed suicide. I am contesting this beneficiary change due to the fact that I believe he was not of sound mind and body when he made this change to his policy. Main focus is the time frame from the change to the suicide.
I also believe that the insured was trying to commit fraud with this action for they knew they were taking their own life as soon as this change took effect to the policy.
The life insurance company is making the death benefit payable they just don't know to whom they should pay.
Do they pay the girlfriend? who is the beneficiary on the contract written 18 hours before his suicide or do they pay the children? whom have always been the rightful beneficiaries to the funds in the life insurance policy.
I also believe that the insured was trying to commit fraud with this action for they knew they were taking their own life as soon as this change took effect to the policy.
The life insurance company is making the death benefit payable they just don't know to whom they should pay.
Do they pay the girlfriend? who is the beneficiary on the contract written 18 hours before his suicide or do they pay the children? whom have always been the rightful beneficiaries to the funds in the life insurance policy.
Posted: Fri Dec 03, 2010 05:52 am Post Subject:
If you are seriously contesting this, then it will be up to a judge or jury to decide who gets the money. How are you planning to pay for that? When the case goes to trial, the insurance company will simply deposit the entire death benefit with the court and be done with everything. When the case is finished, the winning party can have the money.
Posted: Sun Dec 05, 2010 07:30 am Post Subject:
Yes, but if you find a good attorney who truly understands insurance law and truly feels he/she can win, they'll most likely look for a percentage of the db. That makes it easier than fronting the money for this.
Either way, you'll net out more money than you had before. This one is strange, and I would at least look into your options.
Posted: Sun Dec 05, 2010 07:56 am Post Subject:
if you find a good attorney who truly understands insurance law
Based on my experience with those I've tried to "educate" or do legal research for, this is easier said than done.
Some will say anything to get a signature on a contract. (Kind of sounds like some insurance agents and car salesmen I've known over the years.)
Posted: Tue Dec 07, 2010 08:30 pm Post Subject:
Oh yes, depending on the size of this death benefit there's likely going to be an usually high supply of attorneys who suddenly and magically become insurance wizzes. And given the economy I wouldn't be the least bit surprised to find out that it really doesn't take all that much death benefit to get them interested in being your friend.
Double emphasis on the word "good."
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