Will A Life Insurance Co. Pay If The Policy Holder Died A Month After The Policy Was Open?
Posted August 27, 2009 – 10:18 am in: structured settlements FAQMy dad purchased a life insurance policy in oct 2008, he died in a tragic car crash on nov 2008, will the life insurance company pay?
Tags: After, Died, Holder, Insurance, Life, Month, Open, Policy, Will
3 Comments
If he had paid the first premium and the insurance company had issued the policy then they will pay. The policy will be in the 2-year contestable period so the insurance company will investigate to make sure that there was not any misrepresentation on the application. If your dad lied about anything and they find out then they will return the premiums he paid because the policy should have never existed.
They will pay to whomever was the beneficiary.
YES, they have to