Estate Law Questions? Ask an Estate Lawyer.
Hello. My name is***** am an attorney. I will review your question. I may need to clarify facts first. I will answer & we can discuss issues.
Did you present the signed agreement to the insurance company? If so, what did it say?
Hi again: Unfortunately, you would need his signature to renew. Each insurer has its own policies. Possibly you can receive new term insurance. It may end up costing the same amount. If you want to renew your term policy after it expires or buy a new term policy at that time, your age, health status or other factors are taken under consideration. Sorry about the news. I know the answer is not quite what you wanted to hear but at least you know what can happen. Best regards.
Hello again: From what you say, the policy is still in effect until 2024. So, as long as payments are made and you are the beneficiary, you would be able to collect on it.
I am not quite sure of your concern. Both of your names are ***** ***** owner of the insurance as owner on his life. You are the beneficiary. If he dies before the term ends, you would receive the payout.
You are welcome.