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re: Life insurance question (regarding a deceased family member) need help
Posted on 4/7/22 at 9:31 pm to TDsngumbo
Posted on 4/7/22 at 9:31 pm to TDsngumbo
We were pretty much already certain on the remainder going to the estate, and that isn't a surprise or issue. We were expecting, and were assured by the funeral home, that the funeral expenses were covered, though.
The estate will go through probate, we've already planned for that.
The estate will go through probate, we've already planned for that.
1
Posted on 4/7/22 at 9:31 pm to LegendInMyMind
I don't know how this would work in AL, but I would contact the insurance company to see where the life insurance is if it has paid out already. You might get lucky and get some information, and you may also get lucky and get an easy remedy. I would be prepared to get an attorney just in case. It will pay out, in time. This is much more common than you would think, unfortunately there's not usually an easy or fast remedy.
Posted on 4/7/22 at 9:32 pm to LegendInMyMind
I don't understand why the funeral home is handling everything with the insurance. I just don't feel like it is their responsibility.
The executor of the estate should be handling it. The executor of the estate should contact the insurance company directly rather than have the funeral home play middle man
The executor of the estate should be handling it. The executor of the estate should contact the insurance company directly rather than have the funeral home play middle man
Posted on 4/7/22 at 9:33 pm to LegendInMyMind
quote:
I'm surprised you can even spell it.
I would be surprised if you had one.
Posted on 4/7/22 at 9:34 pm to LSUSkip
quote:
I would contact the insurance company to see where the life insurance is if it has paid out already.
That doesn't sound like a bad idea. You like to think the funeral home wouldn't try to double dip, but you never know.
My aunt is supposed to be getting in touch with the life insurance company tomorrow to see what they say.
Posted on 4/7/22 at 9:34 pm to La Place Mike
quote:
La Place Mike
frick off, bitch.
Posted on 4/7/22 at 9:34 pm to LSU6262
quote:
I don't understand why the funeral home is handling everything with the insurance.
It's very common. It's their way of making sure they get paid.
Posted on 4/7/22 at 9:35 pm to LegendInMyMind
quote:
LegendInMyMind
No
Posted on 4/7/22 at 9:36 pm to La Place Mike
Then quit being a dick, provide something useful, or...........frick off.
Posted on 4/7/22 at 9:38 pm to LegendInMyMind
If the deceased had enough liquid assets to cover funeral expenses then those should be used to pay for those expenses. The estate will be made whole when the insurance issues are settled. Nobody is out of pocket while this plays out.
Posted on 4/7/22 at 9:40 pm to LegendInMyMind
I did say earlier to hire a lawyer to help sort it out. Good luck and I hope it gets resolved quickly. Sorry for your loss.
Posted on 4/7/22 at 9:41 pm to Wiseguy
quote:
If the deceased had enough liquid assets to cover funeral expenses then those should be used to pay for those expenses. The estate will be made whole when the insurance issues are settled. Nobody is out of pocket while this plays out.
That's likely what will end up happening. And there's no issue with that.
Posted on 4/7/22 at 9:46 pm to LegendInMyMind
quote:
The only issue they have with that is that the funeral home supposedly checked on everything considering the insurance and gave their okay to go ahead with the funeral as if the policy was covering it. The arrangements were made on a Monday, and the funeral was on Friday. They had time to determine if it wasn't going to pay.
Good point. I’d also be curious to know if the funeral home sold her the policy, or if she got it herself somewhere else. Often times funeral homes sell policies from a carrier. That could make this interesting.
But yeah, get a lawyer before you do or say anything else to either funeral home or insurance company.
Posted on 4/7/22 at 9:47 pm to La Place Mike
quote:
La Place Mike
And to answer your question, yes, they have receipts. They have paperwork signing over the portion of the payout to cover the funeral costs.
Posted on 4/7/22 at 9:48 pm to ibldprplgld
quote:
Good point. I’d also be curious to know if the funeral home sold her the policy, or if she got it herself somewhere else. Often times funeral homes sell policies from a carrier. That could make this interesting.
Nah. They're completely separate.
Posted on 4/7/22 at 9:59 pm to LegendInMyMind
If she had no living beneficiary then the life insurance proceeds became an asset of her estate. If she did not leave a will then it probably would be divided among her siblings or their families if any of them are deceased. You may have to open some type of succession proceeding to accomplish this even if it is just a small succession affidavit.
Posted on 4/7/22 at 10:31 pm to LegendInMyMind
Contact ins co. If no living primary or contingent beneficiary there is no one to validly execute an assignment of enough of the proceeds to pay the funeral home. So proceeds will be paid to estate of the deceased. Funeral home can wait to be paid from the estate in due course or the heirs of the estate can pay the funeral home now and get reimbursed from the insurance proceeds paid to the estate.
Posted on 4/7/22 at 10:31 pm to LegendInMyMind
(no message)
This post was edited on 4/7/22 at 10:36 pm
Posted on 4/7/22 at 10:35 pm to JSM
quote:
Contact ins co. If no living primary or contingent beneficiary there is no one to validly execute an assignment of enough of the proceeds to pay the funeral home. So proceeds will be paid to estate of the deceased. Funeral home can wait to be paid from the estate in due course or the heirs of the estate can pay the funeral home now and get reimbursed from the insurance proceeds paid to the estate.
My money’s on this guy.
Posted on 4/7/22 at 10:47 pm to LegendInMyMind
quote:
This, of course, upset my aunt and Mom. They were told the insurance was current and would cover it, and the funeral was carried out. Now, this?
Addressing multiple posts in one.
Who told them the insurance was current? Are they able to talk to the carrier? Asking just so I know if you are able to speak with the carrier.
Do you mean Global Atlantic, when you say Globe? This is not meant to be rude, carriers change their names all the time and merge so trying to research the right company.
Even if the local agent doesn't have a copy of the policy it's a contract somewhere.
I'm also a little confused on why insurance is paying the funeral home direct? I've never heard of this.
I work on the administrative side of major life insurance and sort of went through the same. My mother passed and was the owner of my Gerber Life Insurance policy from when I was obviously a baby. They couldn't transfer the policy to me when she passed because she was the owner so couldn't authorize it. Well she's dead so, duh. Probably could have fought that in court, but my mom did the best to make me probate free so opted out of trying.
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