Is the policy void if a person died an omitted one premium

by Guest » Sun Mar 06, 2011 05:58 am
Guest

My ex died in Feb and had missed a Jan. premium. I was named beneficiary on his policy. what will happen? is it void?

Total Comments: 3

Posted: Sun Mar 06, 2011 10:53 am Post Subject:

Did he pay a premium in February? When was his January premium due? When did he die? Was it a term policy or a permanent policy? If it was a permanent policy was there any cash in the policy and if so, was there an automatic premium loan feature?

Posted: Mon Mar 07, 2011 06:06 am Post Subject: ex, died, left me beneficiary, missed one premium

My ex died Feb.6 , they havent sent me the policy yet so I can talk to the agent yet. His executor was his cousin and she said that she talked to the agent and that he said that the policy fell in a "gray area" I sent her the money to pay for the death certificate and she said she would mail all of the information . I don't yet have any more information.

Posted: Mon Mar 07, 2011 04:26 pm Post Subject:

Get the details. If he died February 6th, and the premium for January was paid and the due date was the 6th or later, he probably is within the grace period and covered.

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