What is the name of your state (only U.S. law)? Texas
I'm guessing my situation isn't a usual one?
My wife took out a Group Graded Benefit Life Insurance policy for herself. At the time she was battling cancer. The terms were that if you die during the first or second year of the plan your received your premiums back plus 25%. If you passed away, for any reason, after two years from the Certificate Effective Date then you received $17,000.
My wife wife passed away from her battle with cancer exactly one day short of two years of the Certificate Effective Date. At the time, I didn't give this much thought, the rules are rules and I wasn't concerned with money, I just wanted my wife back. The insurer paid out the premiums plus 25%. I hadn't given it much thought since then, she passed away a couple years ago.
But this week, I was cleaning out a desk and found were my wife made a copy of the enrollment form she signed. I hadn't seen this before and didn't know it existed. She accepted the terms of the policy, dated and signed the enrollment form on September 19, 2007. She mailed that enrollment form to the insurer who issued the policy with a commencement date of September 21, 2007. My wife passed away on September 20, 2009.
So...my question is, what legally should be the commencement date of the policy? I just assumed she signed the Enrollment form on September 21, 2007. It seems to me that the commencement date for the policy should be the date she signed, September 19, 2007. Using the date that she signed, I should have been eligible to collect the $17,000 since it was a day more than two years. Using the date the Insurer selected, I received a bit over $1000 in returned premiums.
I hope this all doesn't seem petty but $16,000 is somewhat of a big deal. Can I actually contest the date the Insurer issued the contract? The Enrollment form was never notarized, it was an offer extended to us by a large national retailer using a Life Insurance company they are affiliated with. The offer actually came with our credit card bill from the retailer and the only document my wife ever signed (to my knowledge) is this Enrollment form I just found. Any advise would be greatly appreciated!What is the name of your state (only U.S. law)?
I'm guessing my situation isn't a usual one?
My wife took out a Group Graded Benefit Life Insurance policy for herself. At the time she was battling cancer. The terms were that if you die during the first or second year of the plan your received your premiums back plus 25%. If you passed away, for any reason, after two years from the Certificate Effective Date then you received $17,000.
My wife wife passed away from her battle with cancer exactly one day short of two years of the Certificate Effective Date. At the time, I didn't give this much thought, the rules are rules and I wasn't concerned with money, I just wanted my wife back. The insurer paid out the premiums plus 25%. I hadn't given it much thought since then, she passed away a couple years ago.
But this week, I was cleaning out a desk and found were my wife made a copy of the enrollment form she signed. I hadn't seen this before and didn't know it existed. She accepted the terms of the policy, dated and signed the enrollment form on September 19, 2007. She mailed that enrollment form to the insurer who issued the policy with a commencement date of September 21, 2007. My wife passed away on September 20, 2009.
So...my question is, what legally should be the commencement date of the policy? I just assumed she signed the Enrollment form on September 21, 2007. It seems to me that the commencement date for the policy should be the date she signed, September 19, 2007. Using the date that she signed, I should have been eligible to collect the $17,000 since it was a day more than two years. Using the date the Insurer selected, I received a bit over $1000 in returned premiums.
I hope this all doesn't seem petty but $16,000 is somewhat of a big deal. Can I actually contest the date the Insurer issued the contract? The Enrollment form was never notarized, it was an offer extended to us by a large national retailer using a Life Insurance company they are affiliated with. The offer actually came with our credit card bill from the retailer and the only document my wife ever signed (to my knowledge) is this Enrollment form I just found. Any advise would be greatly appreciated!What is the name of your state (only U.S. law)?