by stormjor2 » Sun Dec 07, 2008 06:52 pm
I recently posted this question.
"I am 17 and will be 18 in april. My father was recently killed how will the insurance company deal with my situation? The company is ING."
I was not very clear so I will start from the begining. My father was killed at his home during the execution of an search warrant. They say he brandished a gone and open fired. He does have an life insurance policy I am the named beneficiary. There is not a POA or a trust setup. I am 17 and will be 18 in April. The incident happened in Canton, Ohio which is were I lived till 2 months ago. I now live in Killeen, Texas. My question is will they hold the insurance money? I know I am going to get some money for his death but he was signed up for double of what I am getting but they have to Investigate and determine if I am eligible for the double amount.
"I am 17 and will be 18 in april. My father was recently killed how will the insurance company deal with my situation? The company is ING."
I was not very clear so I will start from the begining. My father was killed at his home during the execution of an search warrant. They say he brandished a gone and open fired. He does have an life insurance policy I am the named beneficiary. There is not a POA or a trust setup. I am 17 and will be 18 in April. The incident happened in Canton, Ohio which is were I lived till 2 months ago. I now live in Killeen, Texas. My question is will they hold the insurance money? I know I am going to get some money for his death but he was signed up for double of what I am getting but they have to Investigate and determine if I am eligible for the double amount.
Posted: Tue Dec 09, 2008 12:11 pm Post Subject:
but once that period is over the beneficiary may receive the benefits from the life policy even when the policy holder had committed suicide. Is this true??
Jeorge I can tell you from personal experience (twice as a matter of fact which is two times to many for ANY family to deal with) this is true...if the suicide exclusion time is passed (if it's in the policy) then yes they pay..I agree that they should pay the double indem. to me this is 'accidental death' however I do not know the standard life policy definition of this term either....but to me it clearly was an accident.
Posted: Tue Dec 09, 2008 05:09 pm Post Subject:
All states have suicide exclusions. Depending on the state, it could be one or two years. In the event the insured commits suicide within the exclusionary period, the insurer owes ONLY a return of premiums.
If the insured kills themself AFTER the suicide period, full benefits will be paid. Again, keep in mind that suicide is never an accident, so if this (again, for some bizarre reason) is eventually termed "suicide by cop" by the coroner, the base policy would be paid but the accidental death portion would not if still within the suicide exclusion.
I see how the posters in this thread "feel badly" for this kid, but policy language will rule the day.
InsTeacher 8)
Posted: Wed Dec 10, 2008 11:09 am Post Subject:
Ins teacher, you still haven't weighed in with your 'opinion' (only)...accidental death or not? (assuming no felony wording in the endor.nor ruled suicide by cop)
Posted: Thu Dec 11, 2008 05:41 am Post Subject:
Ok, sorry it took me a while to respond. You wanted my personal opinion? Here it is.
When a typical person thinks of the term "accidental death," they tend to think in terms like car wrecks, hobby-associated death, stuff like that. I don't think that if you asked 1000 people their definition of accidental death that ONE of them would say "a person who pulled a gun on the cops and got shot and killed."
Insurance policies of this nature have never intended to take on risk of this sort; they tend to think in terms of the average person as well. This is why they ask you questions about your lifestyle- occupation, avocations, etc. Consider this, if you were the underwriter and you had any inkling that your insured could even possibly get into the kind of situation that caused this person's death, would you issue the policy? :?: :?: :?:
I don't believe that this is an accidental death, and while I absolutely feel horribly for the OP, I can't envision this being considered under the terms of issuance even though it's quite possible that coverage will apply. Since we haven't heard from the original poster to get our questions answered, I guess we'll never know...
InsTeacher 8)
Posted: Thu Dec 11, 2008 07:15 am Post Subject:
I will be speaking with the insurance company tomorrow. Also to ****GarySpicuzza**** don't let my age disguse me I am a very intellegent person that pays attention to my surroundings. I just graduated from a College bound high school. In which I have received my Diploma as well as me ASSOCIATE'S Degree in Science.
Posted: Thu Dec 11, 2008 11:15 am Post Subject:
In which I have received my Diploma as well as me ASSOCIATE'S Degree in Science.
I KNEW you were a smart cookie...good for you storm!Posted: Thu Dec 11, 2008 01:02 pm Post Subject:
stormjor2, you'll have to forgive me because I don't take these stories as being credible. Not the "shooting" part,... that's certainly plausible.
Drug dealers go down in a blaze of gun fire with the police all the time.
But most drug dealers are also drug users. Drug users typically don't buy life insurance. AND it simply strains common sense that the beneficiary wouldn't have already contacted the insurance company and they would have already advised you EXACTLY how the claim would be paid.
So I view this as nothing more than a very good thought provoking exercise as to how this type of claim would be paid. In fact, this is one of the "best" stories yet on this board.
Now, I'm sure you are very intelligent but this makes no "common sense."
I will be speaking with the insurance company tomorrow.
Hmmmmmmmmmm, does that mean the shooting happen two or three months ago in September in Canton, Ohio and you're just NOW getting around to contacting the insurance company?
It's been my experience with human nature and death and life insurance claims that the body isn't even cold yet and the beneficiaries are already on the phone to the agent or the insurance company. Certainly no more than one (1) day.
So forgive me, but for a shooting that happened in September and a 17 year old who is the sole beneficiary of the life insurance policy they certainly would not have waited until December to contact the insurance company.
All that being said, I'm not above eating crow.
So tell me is THIS your story?
No Charges Against Canton Cops Involved in Shooting Death
A Stark County Grand Jury decided that the officers actions were justified.
By John Amrhein
Monday, November 17, 2008
No charges will be filed against six Canton police officers involved in the shooting death of Darryl Ross during a drug raid in September. A Stark County Grand Jury decided that the officers actions were justified. Ross was shot five times. Family members had denied any drug activity and wanted the officers to be prosecuted.
Posted: Thu Dec 11, 2008 05:18 pm Post Subject:
I'm sorry as well, but I would have to agree with Gary. I have seen I don't know how many claimants (beneficiaries) file a claim for the death benefit within days of the insured's death, and more than once within HOURS.
The OPs story, however thought-provoking, rings of "weird." As well, I am curious as to whether Gary's clipped quote is the story of our OP.
InsTeacher 8)
Posted: Fri Dec 12, 2008 01:54 am Post Subject:
it simply strains common sense that the beneficiary wouldn't have already contacted the insurance company and they would have already advised you EXACTLY how the claim would be paid.
I thought he had already contacted the ins carrier, and knew they were paying the face amount but was just waiting on the investigation of the double indemn.
I know I am going to get some money for his death but he was signed up for double of what I am getting but they have to Investigate and determine if I am eligible for the double amount.
Posted: Sat Dec 13, 2008 02:55 am Post Subject: insurance
I've read ALL of the posts, on this thread. The OP din't say anything about a drug raid, at the beginning of the thread. FIRST..the OP said she wasn't sure what happened. THEN she said the death was during a search involving a Search Warrant. NOTHING was said about drugs were involved. GARY...the article you have, is THAT about what happened in the 'accident'? If the article was true, I would think this would be a 'self-inflicted' type thing. How would an insurance company deal with that?
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