Money Talk: A parent had life insurance, but the companies are gone. What to do?

  • 📰 latimes
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 82%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

After a parent dies, her adult daughter discovers old life insurance policies from defunct companies and goes on a search for what companies might be on the hook for them.

Dear Liz: My mother died last year. I discovered she had two old life insurance policies written by companies that no longer exist. How can I determine which modern insurance company is responsible for policies written by these old companies? How can I submit a claim? My mother was born in 1932. The first policy began 1939 for $350. The second began in 1943 for $600. Answer: It’s not a given that a modern insurer still has these policies, but it’s possible.

Unfortunately, not all financial advisors are truly qualified to give the advice they do. Some, particularly those advising people about 403 investments, are insurance salespeople rather than fiduciary financial planners. You can get referrals to tax pros from the National Assn. of Enrolled Agents and your state’s chapter of certified public accountants. Both enrolled agents and CPAs are fiduciaries who promise to put your best interests first.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 11. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

5 analysts discuss Amazon stock after earnings: You have to spend money to make money5 analysts discuss Amazon stock after earnings: You have to spend money to make money
La source: Investingcom - 🏆 450. / 53 Lire la suite »