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Hi! My grandfather bought a life insurance policy in 2003. It's supposed to pay out 10,000     He now has paid in 15,000 but they say the family will only get 10,000 once he passes away. Also he may not stop paying in because that will terminate the plan and he will lose the 15,000.  Is that legal? And, is there any way to roll the money into another life insurance policy?

Thanks for your information,



Your grandfather most like purchased a term life insurance policy which means that there is no equity built into the policy and it is for the term of $10,000.  If it is a term policy and he stops paying, there may not be any benefit received.  This is not only legal, this is the way term life insurance works.

Your grandfather needs to speak to an insurance agent to find out if he can roll it into a different policy.

Very truly yours,

Paul D. Friedman, M.A., Ph.D., J.D.

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Paul D. Friedman, M.A., Ph.D., J.D.


I have been a practicing civil trial attorney since 1989 and have a master's degree in bioethics and a doctorate of philosophy in comparative ethics of law, medicine and business.

I am Certified as a Civil Trial Specialist by the National Board of Trial Advocacy and am Certified as a Specialist in Injury and Wrongful Death Litigation by the State Bar of Arizona Board of Legal Specialization.

I can answer questions dealing with general ethics principles, including legal ethics, medical ethics, bioethics and business ethics. I do not give legal advice over the internet.

For more information, you can view my website at WWW.EXPERTETHICS.COM


Experience in the area
I have been a practicing trial attorney since 1989 and I have a masters degree in bioethics and a doctorate of philosophy regarding comparative ethics.

Organizations belong to
State Bar of Arizona
State Bar of Colorado (inactive)
District of Columbia Bar (inactive)
Federal Bar
Licensed in Arizona District Court
Licensed in Ninth Circuit Court of Appeals
Licensed in the United States Supreme Court
American Bar Association
National Board of Trial Advocacy
American Association for Justice
Arizona Trial Lawyers Association
American Society for Bioethics and Humanities
Kennedy Institute of Ethics
National Association of Realtors

Bachelor of Arts 1985
Juris Doctorate 1989
Master of Arts in Bioethics 2004
Doctorate of Philosphy 2006

Awards and Honors
Phi Beta Kappa
Multiple Who's Who

A list of my copyrighted publications and presentations is contained at WWW.EXPERTETHICS.COM

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