- Credit Card
- Real Estate
So it seems like the way life insurance is supposed to work for a deceased person is that the beneficiary is supposed to somehow inform the insurance company of the insureds death (presumably by providing a copy of the death certificate). But what if you – as the beneficiary – didn’t know that the dead person was insured by a particular company. Does that company just get to keep the money that the insured had paid? And what happens if a payment is missed on the life insurance policy after the insured died but before the beneficiary was paid.. does that mean that the policy is just canceled and the money lost forever?
Related to this… what if you’re a beneficiary but don’t know that you are? I don’t imagine there’s a good way to find out?