Michael S. Feinberg, Director of the Life & Health Insurance Department at the McLean Insurance Agency and Ken Fahmy, President of Fahmy & Associates, Inc. discuss the challenges of dealing with life insurance in an Estate. They cover topics such as:
- determining if the decedent has any life insurance,
- who owns the policy,
- who are the policy beneficiaries,
- who can make a claim on the life insurance policy,
- why claims are denied,
- tax issues,
- benefit payout options and
- planning that can be done prior to death to address and possibly lessen some of the challenges discussed.