My mother was sold a $5,000 whole life policy on me when I was 11. When I was 23, she wanted me to take over the policy. I declined, and advised her to cash out the policy for whatever the payout would be. Long story short, the life policy salesman convinced her to convert the policy to a fully paid up policy of about $2,300. Fast forward 50 years, my mother has been dead for 20 years. She is listed as both the owner of the policy, and the sole beneficiary of the policy. This is a Lincoln Life policy. How can I collect on this policy? I would prefer not to wait till I die, have the payout go to her estate, and then go to my estate, then eventually to my wife.
Statistics: Posted by ralph124cf — Thu Nov 21, 2024 2:22 am — Replies 2 — Views 160