How do I handle this?Its no big deal. Took out a GI with a 2 yr wait and the policy just went in affect 1 week ago and she died.Should I just 30 day free look it are file a death claim?I've just never had this happen this early. It almost feels stupid to file a claim. Also should I notify the company?Should I have the client call in the claim?
Best Way to Handle This. Had a Death Claim
- Thread starter sirherbie
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- 25,074
Did she even accept the policy? Is her account still open for the premium to go back into? That client call may have some hefty long distance charges.
Personally I would rather have a non take than a claim.
And I have had a claim within 6 hours of taking an app. It was still on my desk when I got the call. Paid $20,000
- Thread starter
- #3
The policy went in affect 7 days ago and she just died. The company mailed the policy directly to her. The daughter called me. Should I just 30 day free look it?Theres nothing to get back anyway but the 1 premium? Does the beneficiary need to send me a letter to cancel it are a letter that she died?
- 2,758
Just call the company. They'll tell you how to handle it. If the first premium was yet to be paid then it never was in force anyway.
- 25,074
Unless the owner it is not her's to cancel. As Jerard said just call the company.
- Thread starter
- #6
- 16,929
How could you free look it when the person who has to refuse it is dead?
Just call the company. Have them tell you how to go from there.
- 3,247
When it comes to GI, we only write em if we actually think the client has a few good years left. When I meet with someone who looks like they're dying, it's time to move on.
- Thread starter
- #9
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