Posted: 2/26/2013 6:49:16 PM EDT
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Dad died Dec. 5th of last year. He may have had a term life policy worth 50K... Mutual of Omaha carried it. How would I go about finding out if this thing is any good? Does term life expire? How does a policy like that work?
He left no indication of this. Mom found some info inn their divorce interrogation. |
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Yes, term policies expire after a set number of years from the beginning of the policy enrollment. Its usually a 10, 20, or 30 year term depending on how old your father was when he was issued the policy.
Contact them and determine if he had a policy. They usually contact the primary beneficiary once notified of a policyholders death. A death certificate will be needed to issue the payment. |