Life insurance payout plus interest?

[CrawlerJK]

What is the name of your state (only U.S. law)? New York

What is the name of your state (only U.S. law)? New York

My father died in 1993. No police report was filed. In 2011 I found my fathers body.

In 1993 we talked to the insurance company to collect life insurance. They denied the claim without a death certificate.

When I received a death certificate recently, the insurance company is willing to pay out the total sum.

I am wondering if in NY I can collect interest since 1993 as well? No where in the policy does it say that I can or can't collect interest. I did not take the money yet. The only law I can find states that I can collect interest for time after I submitted the death certificate.

If you believe I can collect interest, please reference something that I can use.

Thanks!

 

[Betty]

The answer is the same as I posted in the other forum. No, no interest since 1993. The ins. co. will pay out the face amount of the policy after receipt of an official death certificate no matter when they were told the insured died. They "consider" death after the death certificate is received.

I worked for a life ins. co. & this is the way our co. did it & all the major ins. cos. we reinsured with.