Lee asked in Business & FinanceInsurance · 7 months ago

There was a life ins policy taken out on my Dad in 1949. He died in 2011.Met life said the policy matured in 1999 and interest paid?

since then. Met life will no let us know the amount of the policy or interest. The interest is paid weekly and has been for 20 years. Not expecting a check for another 15 to 30 days. Is this a common occurance?

Lee Trueblood

la238tt@gmail.com

5 Answers

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  • 6 months ago

    You sound greedy to cash in on his passing

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  • 7 months ago

    How are you guys depositing those checks? Is the estate still open?

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  • 7 months ago

    Who is the interest being paid to? If it is being paid to a beneficiary named on the policy, then that beneficiary had to have taken some action after his death, and would have elected at the time to keep taking the interest payments and not cash in the death benefit. And that beneficiary would have every right to know what that death benefit (the amount of the policy) is.

    However, if the company was never notified of the death and is making those interest payments to your father, then whoever is/was responsible for his estate is signing those checks as executor, or someone is committing the crime of forging your father's name. The executor also has the right to know the amount of the death benefit. Met Life would not refuse to give this information to the beneficiary that filed the claim or to the executor.

    So, something about your story doesn't quite add up. There's this, too. If the interest is paid weekly, then why will another check not be coming for another 15-30 days?

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  • Anonymous
    7 months ago

    Are you the beneficiary or Executor/ix of the estate? If not they will tell you diddly. Who has been getting the interest checks since he is dead and obviously no one has claimed the benefits? That person would know the interest amount.

    In my state after 7 years of not being claimed it would go to the state.

    ADDED

    "The executor also has the right to know the amount of the death benefit."

    Actually if there is a beneficiary listed, that is the person the details would be given to and it is none of the executors business (does not go through the probate process) unless there is an estate tax return that needs to be filed and this would be listed as info only on that return.

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  • 7 months ago

    Old policies aren't always sitting on a computer other than being imaged.

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