We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
Unclaimed Life Cover from CIS?

lizziegizabit
Posts: 11 Forumite

Hi,
I'm sorry if I'm not using the correct terms before I start - I'm not that clued up on wills, estates and insurances etc.
My father in law passed away 9 years ago and his will was finalised and executed by my sister in law, no issues or concerns anywhere, everyone knew what they were getting and were/are happy.
Today my husband got a letter addressed to him from Royal London asking if he was the right person that was related to his father as they have "found" a CIS life insurance policy in dad's name. The office was closed by the time we got chance to read it but it's just got me chewed. I don't know if it's a scam or anything. Just strange it's come in husband's name and not to the brother who's wife was Executor (she has also since passed away). Is this a common thing? Do life insurances just get found like this years and years later?
TIA
I'm sorry if I'm not using the correct terms before I start - I'm not that clued up on wills, estates and insurances etc.
My father in law passed away 9 years ago and his will was finalised and executed by my sister in law, no issues or concerns anywhere, everyone knew what they were getting and were/are happy.
Today my husband got a letter addressed to him from Royal London asking if he was the right person that was related to his father as they have "found" a CIS life insurance policy in dad's name. The office was closed by the time we got chance to read it but it's just got me chewed. I don't know if it's a scam or anything. Just strange it's come in husband's name and not to the brother who's wife was Executor (she has also since passed away). Is this a common thing? Do life insurances just get found like this years and years later?
TIA
0
Comments
-
Your father-in-law probably named your husband as next of kin on the policy. The insurer won't necessarily know who the executor is. I don't think there is anything suspicious although obviously be careful when you call them if you suspect they are fishing for info.
0 -
I don't know if it's a scam or anything.Unlikely. Royal London bought the old CIS life and pensions book. And it's normal for insurers to use tracing companies for old policies.
I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 349.8K Banking & Borrowing
- 252.6K Reduce Debt & Boost Income
- 453K Spending & Discounts
- 242.7K Work, Benefits & Business
- 619.5K Mortgages, Homes & Bills
- 176.3K Life & Family
- 255.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 15.1K Coronavirus Support Boards