Col Penn $9.95 a month

[jdeasy]

Insufficient proof of identity . . . . ?

No. The identity is easy. But the check is made out to a dead person.

Even if there was a POA in place it dies with the person.

It's usually not a problem. But when it's a problem it's a big one.

First time it happened I thought it was a mistake. But after talking to funeral homes and a couple attorneys I've learned it's a regular occurrence and they deal with it regularly.

Fortunately I've only had to deal with it twice.

If people have their accounts managed and in good order it's easily handled.

But that's not the norm in the FE arena.

 

[DonP]

Had a $12 k claim took 3 months to pay . I was suprised the check was for $12,309 . That's like 10% interest .

 

[Allen Trent]

Had a $12 k claim took 3 months to pay . I was suprised the check was for $12,309 . That's like 10% interest .

Not likely. More likely included a pro data refund of unearned premium and/or some form of built up dividends. Interest from time of death was more likely to be $30-$50 at most

 

[somarco]

The identity is easy. But the check is made out to a dead person.

My humor sailed over your head . . .

Dead people proving their identity so they can collect a death benefit . . . or vote . . .

 

[jdeasy]

My humor sailed over your head . . .

Dead people proving their identity so they can collect a death benefit . . . or vote . . .

Suppose it did.