Old Policy/Missing Partner/Rights on other half of money

[Deleted User]

Insider101 wrote: »

They do give two hoots about the potential liability and risk this poses to their business.

Okay, that may be their main reason for not allowing someone the money who isn't entitled to it. It still doesn't change that they are adverse to paying someone who is not entitled!:p

Regardless, as you say, the OP may wish to employ a lawyer to argue it in court. Might prove expensive, though.

dunstonh

However, it'd probably be easier to trace a deceased person!

There is an electronic database now. They can check that.

Risk is the issue here. There are two risks involved as well. Paying the money to the wrong person and not getting it back when the right person turns up and the regulator taking action against you for paying money to the wrong person.

magpiecottage

Moneyineptitude wrote: »

That's a different scenario altogether and we have no reason to assume the OP's partner or ex-girlfriend is of an age where death in the last twenty years is a likelihood. However, it'd probably be easier to trace a deceased person!

I agree but it does happen. If so then if it was a joint life policy then the survivor would typically be entitled to the entire proceeds.

A bit morbid to hope to find that somebody has died, though.