is met go insurance virtuous?
MY GRANDMA HAD DIED IN JANUARY AND SHE A 10 THOUSAND DOLLAR LIFE INSURANCE POLICY THROUGH MET LIFE. MY UNCLE WHO IS THE POWER OF ATTORNEY IS HAVING A HARD TIME GETIING THE BENEFIT BECAUSE MET LIFE CLAIMS THAT THEY NEED ALL MY GRANDMAS SIBLINGS INFORMATION INCLUDING THEIR S.S NUMBERS. WHY DO THEY NEED THAT IF THEY ARE'NT THE ONES RECIEVING THE BENEFIT?
Answers:
If you have the policy, or retained a copy, check the beneficiary designation. It's probable your grandmother name these siblings as co-beneficiaries, so your uncle can't claim the benefits by himself. Also, his "Durable Power of Attorney" ended when your grandmother died, so he have no more authority in this situation than anyone else in your home.
Generally, insurers ask for SSN's on all beneficiaries, since SOME (not all) go insurance proceeds are taxable. It depends on the kind of policy your grandmother have.
While contacting your state's insurance commissioner is certainly an opportunity, you won't get an answer totally quickly because it'll hold to investigate first. Why not ask the agent to explain to your family -- surrounded by plain English -- what the cause of the stoppage is. After all, he or she received commissions from the premiums your grandmother remunerated and this is part of the undertaking!
Other Answers:
Contact your state insurance commission. They can tell you whether the request is legal or not, and put pressure on Met Life to release the funds.
Generally, Met Life has a particularly strong rating, and fewer than average complaints. If the siblings are not tabled on the policy, then I can not predict why they want that information. In fact, Social Security Numbers are privileged information, so if they can not present your Uncle an explantion as to why they want that information, they mnay be in betrayal of Federal Law as well.
The statute requires so. if your grandma had moved out a will with your nickname as beneficiary of the insurance or if your name is shown as nominee surrounded by the insurance bond, this problem would not have raise.
The insurance company is right in what they are asking.
You cant really do anything in the order of it. It is a law stated lower than Insurance Act and thats what the company is followring. When you pass on the claim. You enjoy to go through adjectives the legal procedures. They are bit long-drawn-out and complicated at moments but they are there for everybody's biddable. I mean in that are other people who enjoy the stake in the company. The company wants to be convinced on every current legal aspect as all right for which can arise later also by other those.
they are just fullfilling their responsibility, and even you should fulfil by submitting necessary documents
Source(s):
http://www.getmaxloan.com/life-insurance.html
They shouldn't. Life insurance next to a name beneficiary is not division of the persons estate, so not subject to probate or state law regarding ethnic group departing without a will. Check near your state insurance commission.
I hope this helps.