Paid Life Insurance

What to do when the plan Term Life insurance is canceled and not transferred?

My mother was diagnosed with cancer a year and a half ago one and worked until last December. She had a $ 150,000 term life through your insurance plan is also the former employer. Only we found a letter received around 4 / 18 saying that their work benefits were to be repaid in 4 / 18, this included her Life Insurance plan. It said the insurance company (Met Life) to contact us with details on how to transfer the policy or we could call a number. We were too busy caring for her in the time to revisit this issue. Finally received documents of transfer of Met-Life Today 5 / 20, a week and a half after she died on 5 / 8. Tell us it is too late to transfer your plan and we can not cash out life insurance. Is there any requirement for the insurance company to contact us in an expedited manner? Is there any way to transfer the policy now? I saddens me to think that he died three weeks too late for us to receive the plan Life Insurance Paid for it.

Good questions. And the answer is, it depends. If the policy would be transferable, with guaranteed insurability, then you should be able to return the transfer papers. The thing is, the executor of his property would have to sign for it. I would file a complaint in writing with the department state insurance. The delay by Met is what it will cost coverage.

Why do I need Life Insurance for my stay at home spouse?

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