cheatedsister
New Member
- 4
My parents purchased a $1000 whole life policy when my sister was born in 1957 from Franklin Life in Indiana. I have the premium booklet with every quarterly payment made for 20 years and “Final Payment” noted on the last entry. Franklin Life was purchased by American Brands in 1979, American General in 1995, AIG in 2001 and Corebridge in 2022. My sister passed in 2022. Corebridge Financial states they do not have a record of the policy number listed in the premium booklet thus will not pay on the policy. I have filed a complaint with the Indiana Insurance Commission and their response was that the policy could not be found.
It is my understanding that life insurance is a promise on a payment at death. I should not bear the burden of the paperwork not moving efficiently between four companies. Don’t they own the risk? How do I collect on the death benefit for my sister? Please help!
It is my understanding that life insurance is a promise on a payment at death. I should not bear the burden of the paperwork not moving efficiently between four companies. Don’t they own the risk? How do I collect on the death benefit for my sister? Please help!