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Darwriggels Asked July 2019

How do I find out about my dad's life insurance my sister is handling?

My dad had life insurance with only my name. My sister wants me to sign it and after they pay his bills we will split the rest. I don't think this is right so how do I get dad's info?

JoAnn29 Aug 2019
You need to contact the insurance company. Having the policy number would be a good thing. Call and ask who is the beneficiary. They will tell you if it is you. If not u, the won't tell u who unless ur executor and prove it. If its you, u will need to prove Dad has died but it sounds like Sister may have done that already. If it comes that ur beneficiary, then YOU need to sign and YOU send the paperwork back certified mail. Make sure the check is sent to your address or direct deposited in your account. Then YOU ask for the bills that need to be paid. You pay them out of the money received. Or, you get the check and set up a temporary bank account. You get copies of the bills and pay them. This way the acct statement shows where the money went. Then its up to you if you want to split the money with your sister. This policy does not fall under Dads estate. The beneficiary is not obligated to pay any of the principles bills or funeral expenses. Executor does not get involved with insurance policies.

There is a reason Dad made u beneficiary. Was it because he trusted you to do the right thing? Make sure his bills are paid and funeral? Or that you received the proceeds not sister.

I had a friend whose Dad had remarried after his and her daughter had grown. His wife's company had a 100k policy on her, her daughter was beneficiary. When the wife passed, the daughter refused to pay for her Moms funeral. The wife always felt her funeral would come out of that policy. The daughter had found out that as beneficiary, she was not required to pay any of the principles debts and didn't.

anonymous912123 Jul 2019
Is he on Medicaid?

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mollymoose Jul 2019
Do you have the insurance policy? If it only has your name, I don’t think they’ll work with anyone other than you, at least the companies my mom used were very strict about that. Wouldn’t even answer policy questions! Are you just wanting info on bills your Dad might owe? If you don’t trust her with the money, tell her to send the bills to you. Was he on Medicaid & is it possible they might seek reimbursement?

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