Required fields are marked *. View news and press material about True Blue Life Insurance Company. We found that my father had a life ins policy we weren’t aware of. Outright fraud may be an entirely different story. I work a state job that just recently changed its life insurance company for the first time in decades. My brother used a forged POA to transfer my dads life insurance policy into his name… which is being investigated. Then they tell the funeral home they need someone that knew all of us girls all of our life to fill out a form and it had to be notorized. That clause has to do with intentionally withholding information from the insurance company to improve the chances that your application will be approved. Here are the reasons life insurance companies won't pay out: 1. In this case, since you feel the trustees may not be operating honestly, consulting and retaining your own attorney may be the best solution. I don’t want medical treatment because I suffer long enough through the last 8years. However, his employer switched insurance companies. The limited period depends on the company, typically either 2 or 3 years. Have a death claim that the insurer refuses to pay? Insurance companies will send out notices to prevent this from happening; however, since the policy was what appears to be right about 3 months behind in payment then I am lead to believe this is the cause for the policy being officially cancelled for non-payment. In this case, even as the roommate, she could credibly argue that his passing placed her in some sort of financial peril and the company would most likely payout per the contract. I put them in a folder and gave My brother is the executor to her estate, so basically he took over all As far as the life insurance issue, unless he was declared mentally incompetent before the policy was taken out, there is little that can be done. Insurance companies often by default investigate any death claim that arises before two years into the policy. Our attorney used the word “trustee” (i.e. I could swear I mentioned that during my phone interview. My friend did nothing because she didn’t know what to do and was afraid of setting off her daughter’s frightening temper. “How can a change of beneficiary be initiated if my mother had Alzheimer’s deeming her incapable of having the requisite capacity to sign legal documents?”. She got really sick in January and it simply slipped their minds to continue paying at the time as she was in and out of the hospital. The ONLY reason your life insurance policy won’t pay out. He can improve it and move up one class. When benefit enrollment opened again in December 2017 and I was on Medicare I logged in to cancel BCBS and saw I had been entitled to $2000 at the time of my husband’s death. In most cases, key man or buy-sell policies are relatively simple, but this may have more layers to it that an attorney may provide more insight and remedy. Colonial Penn’s guaranteed issue product has a 2 year limited benefit period. Duck took his case to the Ombudsman which ordered Direct Travel to pay up. She may be wanting to make a change to the policy and only the owner can make changes. If someone dies of natural causes in the first 2 years, the premiums are refunded plus interest. The life insurance carrier says we can not name him as a secondary beneficiary? Let’s say you’re being chased by a big dog, and you have a heart attack and die. They were told we had none of those things and gave them copies of his medical records. every step when I, or my brother – as she says “telling her what to do”. They are also asking me if I am claiming the benefit “individually or on behalf of the minor children”, and whether a trust has been established for the children’s benefit. Based on the info I have, that word “trustee” could be tripping things up. After a two year contestability period, the insurance company needs to prove intentional fraud to dispute the policy, which is very difficult to do. It’s a small $20k policy—barely enough to cover funeral. Read the reviews of people that used True Blue for their insurance needs. With permanent policies, missed premiums are usually deducted from the cash value, helping ensure the policy stays in force. You are definitely asking a good question. [email protected] He should be able to assist you. They must have “insurable interest”. In our divorce settlement, we are each required to keep life insurance (because of the children), and the settlement instructs that each will name the other spouse as trustee (beneficiary) on behalf of the children’s financial support. Last year, the daughter threw her mom out with essentially no money to fend for herself. My daughter’s new husband as of 2016 reportedly reassigned his beneficiary to her a couple of days after the wedding. I recommend finding a copy of the policy to determine what, if any, remedy there is. My sincere condolences. of course it came back that she had nicotine. I highly encourage every person to have their own personal, standalone policy. I am thinking about going to another company. Common sense will tell you that it probably doesn’t work like that. The bottom line is that life insurance companies actually want to pay out on every claim made. Let’s talk about your needs and what we can do to help you. Is that because I haven’t smoked in so long? Yes, we are an insurance agency and we can get a policy set up for you. Midland life insurance dont want to pay because they need a report of death of us citizen abroad. The most common … Either way. Although he was only 24 at the time of his death he has in fact been convicted of a felony within the past 2 years but they never asked him that specific question. Our father had set up a trust in each of our names when we were young claiming that we would receive a payout of $200,000 each when he passed. All 4 received a check for $16,000 last month. I would talk to someone at the bank on this question. Let him know I sent you. Sadly, life insurance is not something you are able to transfer to cover a different individual. Was it a policy through work? Thankyou for all your efforts that you have put in this. He supposedly has high triglycerides and cholesterol. THe way most WL policies work is that any cash value built up is used to pay the premiums in the event of nonpayment to keep the policy active. You can also file a complaint with your state’s insurance commissioner and have the matter investigated by the regulators of the industry. The issue you relay is one that is more common than it should be. My limited understanding is that since it’s been paid out that it’s up to me to seek specialized attorney. :\. If you are actively involved in one of the dangerous activities listed on the application, you can still do it, but you will need to pay to be protected. If you are taking over 3 medications for anxiety and depression, then it is a tiny bit more (table 2). Very interesting information. If you were talking to a call center representative, you could subpoena the call recording. He may be able to put the necessary pressure to get this settled for you. I’m sorry to hear about the struggle you are having regarding your father’s policies and I know it can be a struggle dealing with end of life preparations. Non-disclosure of medical conditions is the top candidate here – always tell the truth, even if it means a slightly higher premium. “And are there no measures in place to contact the only listed primary beneficiary?”. If you don’t understand any part of the terms of the agreement (or contract), make sure you seek clarification before signing the contract. I am a professional business man now living a healthy family life over 20 yrs.Everything else is clear no heath issues and I do not take any prescription medication at all. Did they say why the policy was not able to be provided? Underwritting took this into account when they wrote the policy. My boyfriend told me that he had made me the executor of the policy and his minor daughter the beneficiary. “The agent who opened our polices has been terminated and is no longer with the company. Degree? I did NOT know until by accident an Ins statement was left laying on my Dining table. It is imperative that your initial application is accurate and you don’t try to hide anything. In every case that I am aware of, your dad’s coverage should be fine. what if the person dies with the two years and it was from an accident and was signed up from my work and did not even know about the two year clause. into it further. That one’s fairly obvious. Or has the value already diminished over the years? How can we get at least a small payment to help with funeral cost? Thank You. It is best to find someone in your city. Reasons why your insurance won’t pay out; Here are a few reasons why your insurance company won’t pay your (full) claim: You need to disclose all previous claims you might’ve made. If we had a Will that states any life insurance proceeds go to our son would that cover it? After years of being screamed at, bullied, and isolated, my friend is understandably afraid of her daughter. Committing suicide. It wouldn’t be long, especially in a world of social media and easily available statistics, before the impact of failing to pay out legitimate life insurance claims would ruin a life insurance company. Insurance companies are very strict regarding who you can get a policy on. The fine print is where exclusions are disclosed regarding specific circumstances that would not allow the beneficiary to receive the payment on the policy if you die. The settlement also conditions that the benefits will be used solely for the financial support of the minor children, and that if the surviving parent does not fulfill his/her fiduciary duty to this agreement, the children may at some future point file suit. Hi Luke, My dad has dementia he missed May June July 2018 payments, will they work with us? These types of policies have very few practical applications in insurance strategy because (in almost every policy I have seen) you pay the same dollar amount for the entirety of the time it is in force, but the benefit goes down. Because it has been five years there is only $135.00 left and if I would send his death certificate they would send it to me. We have never seen pymts come out of his accounts she is also struggling desperately to keep her independence, and fights Complete our quick and easy contact form or call us today to get cover! Since it was a $5k policy, chances are this was some sort of low level final expense/guaranteed issue policy. That’s it. Instead, she misrepresented herself as my dad’s daughter and made the medical decision for my dad to be put on life support. She once again apologized and said it fell off her radar and she would be looking into it now. Is there a possibility his life insurance won’t pay out because the company switched insurance providers and he was only covered under the new insurance for 24 days? In this case, even a guaranteed issue policy may not work. If you are talking about the face value (death benefit), unless it is a policy like a decreasing term or maybe a universal life policy, the death benefit will typically remain fixed at the agreed upon amount. Mine for the same amount was only $24 a month or something and I know hes male but unsure if we should say yes or not. Generally, life insurance companies can’t cancel a life insurance policy unless it is for non-payment. If I put my husband in insurance and a couple days later he died..wil I still get a payout? This is why it is key to use companies that have demonstrated a high level of customer satisfaction and to do your research before purchasing a policy. Our agents here can help find a policy that suits your needs and your budget. Usually any clerical errors are caught and remedied early on in the process. what do I do this life insurance company is a Quebec Canada company and they are very big and all over Canada. better than trusting these THIEVES that will call you 24/7 to sell you insurance and will be all super nice in the beginning in order to get your money but then when its time to pay out just disappear or find loop holes to not pay. As he was terminated only hours before he passed is there any way that the policy would be terminated also and therefore be no payout? you are a very knowledgeable person about life insurance and the very small details .is true blue a life insurance company. That does strike me as odd. Does she receive the pay out even though I am his next of kin and all of his caretakers know what a horrible person she was to my dad can they award her the money. This does not sound right. This isn’t an overly common occurrence but it can happen. Without seeing the policy myself, I can’t really comment on anything outside the information you are giving me. Response urgently needed. Based on the way you are relating the issue, it sounds like your father had a term life insurance policy if they canceled it because of a lapse. So, will this scenario affect my policy premium for term/whole life insurance? I can understand how this issue only adds more to the overall stress level. Based on what I am seeing with the limited info I have, this sounds like a whole life policy (very popular during the time she bought the coverage) which may not have had much if any cash value accumulation in the policy. I read somewhere that if I have both Term Life Insurance & Accidental Death and Dismemberment coverage (two separate policies from two different companies); that if I were to die in a car accident, my beneficiary would receive the AD&D claim however, my term life would not be payed out. My brother is gone and there is nothing I can do to change that. If my wife has life insurance and I am named as the primary beneficiary and lets say both my wife and I died in an auto or other accident, how do we ensure our minor son would receive the benefit? We went to the funeral home with all of the information but since she didn’t name a beneficiary all of us 4 daughters had to fill out forms. The insurance company hasn’t made a decision yet, why is her employer saying that? Because he is not forthright I will be cancelling the policy, and I went thru this whole physical and questions to get it. I later increased the amount doubled plus ) of coverage .Will this affect my original contest-ability date ? Are there time deadlines to collecting? $750k 20 year term and it came to $55 a month. My ex-spouse died, and we have four minor children. 11/26/18. Insurance companies are known to share information among them and with authorities to help tackle insurance fraud and insure that offenders won't get another chance with a different car insurance company. In looking for documents, we found her policy. Would this make a larger life benefit more palatable for an insurance company? If the cause of death was accidental or murder, then the company should payout. My father has been applying for, paying on and cancelling policies for the past few years. Hello, Luke. As a side benefit? Keeping your life insurance company up-to-date with your situation means you will never run the risk of having your life insurance claim rejected due to concealed information. We are wondering what route we should take. And, If so, how long might I expect this process to take? As far as your brother, I would tread lightly. hell email me @[email protected] if you did manage to get what was rightfully yours. If they continue to stall, file a complaint with your state Department of Insurance. If you (the policy-holder) lied. I am a beneficiary of a family trust. If this is the case I do think you have some recourse. Creditors can still come after her since she is your wife since she may inherit your obligations. Is there nothing else we could do even with hospital paperwork or anything? If the insurance company finds out otherwise during this one- to two-year period, it has the right to cancel your policy. Let him know True Blue referred you. He is the author of The Salesman Who Doesn't Sell and is a member of the Million Dollar Round Table, an organization that consists of the top 1% of financial advisors worldwide. It’s our job. Think about it. Is it possible to collect this late? My boyfriend passed unexpectedly in February. While going through his desk to gather important My younger brother and I both took out an insurance policy with Primerica in March of 2018 after our Grandmother passed away. What’s the best way to set up a life insurance policy on me, so that any creditors I may have at the time of my death (such as hospital, Medicare, credit cards and the like) don’t collect from the policy payout that the beneficiary (my wife) would receive? I wish we would seen the signs or responded sooner. Go to and enter all the information you can. That could be something fairly obvious, like skydiving, or even something far more common, such as riding a motorcycle. “Can we file claims to get refunds of premiums on these policies to recoup some of the funeral costs?”. This is so insurers can guard against people obtaining large policies, and then taking their lives to get their family out … He is 32 YRS old, a little overweight, no other things that I know of popped up. I hope this helps. Derived monikers (“Luke” vs. “Lucas”) from a longer name are extremely common and rarely cause a large issue when it comes to enforcing a policy like life insurance. John. My mother is not savvy enough to decipher the policy…but my brother is. To talk with our experienced Life Insurance Lawyer, contact Michael J. Hoover at (225) 246-8706. Wow… alot of information to digest and a bunch of moving pieces, so I am going to answer this as clearly as possible. As long as the premiums were paid and the death wasn’t due to an excluded activity, the insurance company would have no grounds (that I can see) for not paying out. While there are strong similarities between the US and Canada insurance laws, each jurisdiction brings its own different scope of differences. Quick question. Some will err on the safe side and say yes to disclose (which could result in a denial for coverage with some companies) and some will say not too because there isn’t a committed or scheduled solution solidified and the recipients’ condition could change or your health could change before the surgery. For instance, if an insured goes to rob a bank 2 months after obtaining a life insurance police, and dies in the process; the insurance company would decline benefit because the cause of the insured death wasn’t legal. If they are not helpful, ask them to recommend a local agent. Suicide. The company has nothing to do with the life insurance policy paying out. Michael J. Hoover Phone: (225) 246-8706 Email:[email protected]. "Protect by Unite the Union" and "" are trading styles of Quick Quote Life Limited. He had no medical history will the insurance pay out even though its being contested and it was not more then 2 years and the death certificate says cause of death.. Our father passed away two years ago. Sometimes it is stipulated in a divorce decree who the owner of the policy must be and who the beneficiaries are. Let him know I sent you. I am faced with many struggles to claim his effects and dispose with dignity. “Also, I have vagal nerve damage for surgery and have digestive problems which they’re aware of. I left fiance as beneficiary I am only 29 but am afraid of a car wreck happening honestly (many bad drivers I’m always having to avoid in my area) any ways I have awful family members that have robbed my home 2x now the second time they were prepared for me to show up with knives and etc. Here are seven specific situations in which life insurance will not payout. Even if he/she didn’t know about the 2 year clause, that would not change how the policy payouts. Anyone reading this please put your policies in a secure location and tell a trusted family member where they are. My brother-in-law, a veteran, working for a local corporation, has passed by his own hand 7/1/19. However, the case highlights how insurers are using small print to wriggle out of paying travel insurance claims. I use to smoke socially when I drank about 10 yrs. She had an insurance plan since August. You may need an irrevocable living trust. Since 4/2000 I was the only listed primary beneficiary. Since I can’t find anything. The representative should have been very clear on this on this limitation of the policy, it is not good business practice to not explain this to customers. The payout of medical conditions is the point of him paying for divorce... Are struck down in such a devastating way value, helping ensure the policy has control! T understand the reasoning for how a life insurance companies might classify you a. Have sent the insurance company and the very small True Blue life insurance and are! Drink water will this be True if most policies don ’ t smoked in long. 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