Old insurance policies?
are my inherited people insurance policies worth anything? they were taken out contained by 1940 and never been redeem.
Answers:
no
Are you talking in the region of LIFE insurance? Life insurance can't be "inherited". The beneficiary gets rewarded, and if they are deceased, it go to their estate.
You can try to contact the company to see if the policy was busy at the time of death - if it be, and you just immediately found out that they existed, you can still put in a claim.
There are several things you need to check first:
1) Find out if the policy is still surrounded by forced;
2) Has the policy been cashed out;
3) Were premiums fully salaried;
4) Who is/are the beneficiary/ries
Generally, if the policy has matured and at hand are no claim for 10 years, the insurance company will need to trace the policy holder or its beneficiary/ries to redeem the policy. Should the 10-year lapsed, the insurance company will hold all rights to dissolved the policy and adjectives monies will be retained by the insurance company. However, all is not lost. You can folder a claim against the insurance company after you've determined the points I've indicated above. The insurance company will then own to satisfy the court that they did try to trace the owner &/or beneficiary/ries but former. Only then can you consider you've lost the suitcase.