Davi said:
@Ira
If you could prove that, maybe there’d be a case against him. A solicitor might help.
I was there for the conversation but have no written proof.
Davi said:
@Ira
If you could prove that, maybe there’d be a case against him. A solicitor might help.
I was there for the conversation but have no written proof.
Still, a financial advisor should have their own coverage for things like this.
@Lior
They should have the original form on file. A solicitor could ask to see it.
Hale said:
@Lior
They should have the original form on file. A solicitor could ask to see it.
If the advisor filled it based on what your partner said, and he signed it, it might be hard to challenge.
Davi said:
@Ira
If you could prove that, maybe there’d be a case against him. A solicitor might help.
I was there for the conversation but have no written proof.
Very sorry for your loss. Advisors sometimes skip details to make things easier, but insurers don’t see it that way.
Davi said:
@Ira
If you could prove that, maybe there’d be a case against him. A solicitor might help.
I was there for the conversation but have no written proof.
Find a solicitor with experience in life insurance cases. Even just your memory of the conversation can help.
@Ira
Would his medical history have mattered if the form was filled correctly?
Joss said:
@Ira
Would his medical history have mattered if the form was filled correctly?
Sometimes insurance depends on if the information would’ve changed the coverage offered.
@Ira
There should be an application summary and documentation showing what was included. You have a right to see these.
Joss said:
So sorry for your loss. Can I ask why the life insurance didn’t pay out?
With pensions and insurance, you usually need to name beneficiaries, and unfortunately, many don’t do this.
I have death in service insurance, and I had to list my wife as the beneficiary. Sometimes it defaults to next of kin if you don’t pick someone. Worth checking!
Kingsley said:
I have death in service insurance, and I had to list my wife as the beneficiary. Sometimes it defaults to next of kin if you don’t pick someone. Worth checking!
Yep, at work I had to fill out an expression of wish form, and I listed my niece and nephew. They’ll split it if anything happens to me.
@Phoenix
It’s called an ‘expression of wish’ for a reason. Trustees have the final say.
Sam said:
@Phoenix
It’s called an ‘expression of wish’ for a reason. Trustees have the final say.
I knew someone whose form was outdated, and his death in service went to his partner and child instead of his parents.
@Val
My partner and I need to sort our wills, too.
Phoenix said:
@Val
My partner and I need to sort our wills, too.
I found a site that offers free wills if you’re interested.
The deceased decides where the payout goes. Mine goes to my partner.
Dallas said:
The deceased decides where the payout goes. Mine goes to my partner.
His employer’s committee will make the decision. It’s a discretionary benefit.
Dallas said:
The deceased decides where the payout goes. Mine goes to my partner.
His employer’s committee will make the decision. It’s a discretionary benefit.
Yeah, the committee has the final say, but they often follow the form. Let’s hope they consider your situation.
Dallas said:
The deceased decides where the payout goes. Mine goes to my partner.
His employer’s committee will make the decision. It’s a discretionary benefit.
I always thought this kind of thing went to who the employee chose, not the company.