Life Assurance Question

markchap

Hi Everyone

Think I know the answer, but want to run it past you all as well.

My Father-in-law very sadly passed away last Friday (26th) from a Cardiac Arrest, we all thought he was fit and healthy.

We have found out he took out a policy with Scottish Widows on the 22nd of the same month. No payments have been taken as he had only just set it up and the DD would have come out in the 1st week of Feb.

Would they pay out or because he would have not made any payments, they would not. I'm guessing the latter.

Thanks
Mark

jasonking

How sad. It entirely depends when SW agreed to assume risk. The first DD payment date is largly irrelevant, as long as SW held a valid DD mandate (which it sounds like they did).

You need to find the documentation and see what it says, failing that ring SW, explain the situation and see what they say, ask for a copy of the policy document/acceptance terms.

If he technically wasnt covered then you might want to put an explanation of the circumstances in writing to them as they might be able to make allowances or have free interim cover between application and on-risk...best not to get your hopes up though.