Aboutleboyd Expertise I can answer questions relating to life insurance, estate planning, business succession/continuity planning and tax-effecient retirement planning. I have advised clients for many years on these areas, and how they relate to life insurance.
Likewise, I have worked with many on Long-Term Care needs.
Experience I have been a top producer for the past 5 years. Prior to that I was the CEO of an international company, having the concerns from a clients perspective (now having been a client of NYL for more than 15 years)
Organizations Society of Financial Services Professional
Million Dollar Round Table
Education/Credentials In addition to an BBA and an MBA from a top-10 school. I have earned the LUTCF, NASD Series 6, 7, 63 and 66 licenses.
Awards and Honors Top Life Producer
Top Long-Term Care Producer
Question My Father passed 2 years ago. He told me approx 2 years prior to his death that he had taken an insurance policy out that had myself and his wife as beneficiaries. However when he died his wife told me that she wasn't aware of this policy. I have recently found a document that he gave me 4 months prior to his death with his Life Insurance policy number and the insurance company.
Can I find out if this policy still exists? Can I ask to see the details of the policy? Is it possible that his wife could have taken my share of this policy?
Answer Paul,
I would call the "Death Claim department" at the insurance company, give the policy number and explain that he passed away 2 years ago. Tell them you don't think the death claim was ever filed and you need a death claim kit.
If they say it was already paid, then you need to tell them that as far as you know you were a beneficiary of the policy and never received the check from the insurance company (The insurance company actually has to pay the check to you if you are a beneficiary. There's a bunch of legal and tax issues as to why that's the case, but that is the case. They could not have paid the full benefit to your dad's wife if you were a beneficiary.).
Once you make that call, you'll have a lot more information. Then you can decide if any additional action is required.
