by bertie1 » Sat Dec 08, 2012 12:20 am
I purchased a life ins. policy for my grandhildren. My 10yr. old grandchild died at his home (His mother had already passed in 2010.Anyway, the ins automaticlly name his estate (meaning his abusive father) Is that legal for the ins. co. to do this? I am the policy owner and would like to put the money up for my other grandchild. I know that this is a weird question, but since the ins claim was stated but not finished with all the paperwork; can I cancel the policy. The dad is a self centered man and does some illegal things. Thanks Roberta
Posted: Mon Dec 10, 2012 06:57 am Post Subject:
You have to read the contract to know what the situation is concerning the beneficiary. Were you the owner of the policy? Or did you make someone else, like his mother, the owner? Was the "abusive" father the cause of death? If so, he cannot lawfully receive the life insurance money.
Not enough information in your post to see things clearly.
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