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Insurance Policies and Collections?
Last year a friends father passed away and he had two sons. They did not have a lot of money to bury him so they asked for donations. One on the sons is now flying high with lots of new "items", house, car, lots of trips and other things that he can not afford. The brother thinks he may of had a Insurance Policy on his dad and collected the money, He asked his brother and was told no but he wants to check to find out for sure. He really doesnt believe him. Is there a way to check to find out if there was a Insurance Policy on his father that his brother might have that his father never mentioned. Thanks for the help.
4 Answers
- rcdruryLv 71 decade agoFavorite Answer
The information would be held confidential by the insurance company, but it doesn't matter anyway. If things occurred this way, two things are true. First, the father knew that a policy was obtained insuring him because it would have required his cooperation; and the particular son was the legal beneficiary on the policy.
- Anonymous1 decade ago
There is no way to check. Even if there was such a policy, the insurance company would have paid the benefit ONLY to the named beneficiary - so there's no way that the brother could have "stolen" the benefit.
- AnonymousLv 71 decade ago
There's no way he can check, unless he's "executor" of dad's estate. Like any other money transaction, it's protected by the privacy laws.
And it doesn't MATTER, anyway. If brother PAID for insurance, then he gets to pick who GETS the insurance. Your friend likely had that option, too. Speaking of which, he should buy life insurance on his brother now, and on himself, so that when brother dies, HE gets money.
But he probably won't.
- StephenWeinsteinLv 71 decade ago
No, there is no way to check. Even if there was a policy, it would not matter. The beneficiary is allowed to use the money for whatever the beneficiary wants; it does not have to be used for burial expenses.
