Life insurance, the never-ending story

 

     Back in March, when the MIL died we sent three policies into her life insurance company.  For five months, we’ve sent copies and copies, and more copies in.  So has the funeral home.  We kept getting excuses but no results.

     Yesterday we got a call from them saying they were cutting two checks for two policies.  Wait a minute guys, there are three of them.  Oh, yeah they can’t find the third one on their database.  Um, gee whiz, she never cashed it in.  It is paid in full, why don’t you have it in your records?  Um…they don’t know. 

     All three policies won’t cover funeral expenses and now they tell us they can’t find the third.  ARRRRGH!  DH feels like Charlie Brown and wants to bang his head against a wall.

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Agented Mystery Writer, Bull Terrier owner--I have one at the present time, Avid gardener.

Posted on July 12, 2011, in Misc and tagged , , , , , , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink. 3 Comments.

  1. They weren’t lying when they said that money is the root of all evil, were they?

    Not a bit.

  2. I don’t blame him, put up a pillow, and have his favorite ice cream waiting. Then get in touch with the insurance commissioner. It may not be much, but damn it it’s yours.

    Actually, damn, it’s the funeral home’s because we still have to pay them.

  3. My mother had $500 life insurance policy that she took out in the mid 30s, paid it in full over 20 years — it matured in 1956. Then stuck the policy away. I found it a couple of years after she died. OH BOY! thinks I. I’m rich!

    Any idea how much interest is accrued in FIFTY years?

    Wait for it
    .
    .
    .
    .
    .
    .
    .
    .
    $22 and some odd cents. Pfffft!

    We know the policies have at least doubled in value because the company went public a while back. (This is what the funeral director told us.) Thing is, the insurance company won’t tell us what they are worth, they only say that it is quite a bit more than the face value. That’s the good news, the bad news is they can’t find the third policy. GRRR.

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