I’m looking for some advice regarding a situation my mom is dealing with. She recently received a letter from an insurance company saying they just found out my dad passed away and that she is the beneficiary of a policy. The catch? He died 2.5 years ago.
She called the insurance company, and they mentioned it’s a policy from a company he worked for over 20 years ago. What kind of insurance policy would still be valid and pay out when premiums haven’t been paid in so long?
I’m worried this might be a scam. They’re asking for his death certificate and banking info for direct deposit before they can disclose how much the payout is. Has anyone experienced something similar, or do you have any advice on how to verify if this is legitimate? Thanks for your help
Given the unusual circumstances, it’s wise to be cautious. While some insurance policies, like certain whole life or universal life policies, might still be valid after many years if they’ve accumulated value, it’s unusual for premiums to be unpaid for so long. Verify the legitimacy of the insurance company and the claim by contacting them directly through official contact details from their website, not the ones provided in the letter. Avoid sharing sensitive information, like banking details, until you’ve confirmed everything is genuine. Seeking advice from a legal or financial advisor can also help ensure that your mom’s interests are protected and that she’s not falling victim to a scam.
