forrest gump
Junior Member
I live in the great state of Georgia. In 1994, I took out a life insurance policy on my father. My agent put the policy in my fathers name, in care of me. All of the information about the policy has been coming to my address until recently, including all of the annual statements. About a year later my brother and I agreed to split the cost of the premium so I added him as a beneficiary as well as myself. After 14 years of paying the premium and not receiving any help from my brother, I changed the beneficiary to me and my son in case something happened to me. I had to get my father's signature to do this because the policy was in his name. My brother found out about it and got my father to give him power of attorney over his affairs and he changed the beneficiary on the policy to himself. I have paid $383.00 a month for 15 years on a 100,000 dollar policy only to have it taken away just as my father is about to pass away. He has had lung cancer for a few years and has been given only a couple of weeks to live. I know my first mistake was not having this policy absolute assigned to me from day one but I never in my wildest dreams believed that my brother would ever try to pull this stunt. I've only seen my father about 20 times my entire life but he and my brother lived within 20 miles of each other and my father was afraid to change it back because he was in need of the help my brother was able to offer him. He was made to feel that if he changed it back, my brother would quit helping him. IS THERE ANY THING I CAN DO OR AM I SCREWED? It just seems to me that since I have the proof that I paid all of the money, that legally there would be something I could do to get my money back.
ps I have all of my bank statements from day 1 to prove that I paid every dime on this policy until I found out the beneficiary had been changed.
pss I thought that I owned this policy from day 1. Only after it was too late did I learn that I should have had this policy assigned to me to prevent this from happening. I know ignorance is no excuse, but that is all I have at this time!
ps I have all of my bank statements from day 1 to prove that I paid every dime on this policy until I found out the beneficiary had been changed.
pss I thought that I owned this policy from day 1. Only after it was too late did I learn that I should have had this policy assigned to me to prevent this from happening. I know ignorance is no excuse, but that is all I have at this time!
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