Death Beneftis

by Sheila
(Calgary, Canada)

My father passed away recently (April 14, 2011), 18 days before his policy anniversary date (May 2). The insurance company states that the death benefits payable to my Mother are based on the policy values at May 2, 2010 because my father passed away before the next anniversary date. They are refunding the premium for the month of May 2011. What rights does my Mother have? Shouldn't the insurance company be required to pay the death benefit value at May 2, 2011 as all the premiums were paid up to that date and my father had passed away so close to the anniversary date?


Death Benefit Value


Hi Sheila

This is a case where it is critical to review the policy wording to know how the benefit is calculated. without that, it's impossible to say.



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Note: Always speak with a licensed insurance professional about your specific situation. This insurance information is general in nature and the policy wordings always take precedence. It is possible that there are errors and omissions in this website and www.canada-insurance-source.com, or its authors, take no responsibility.

Keep in mind that insurance licensing, legislation, and policies often vary by province and most certainly by country. Canada Insurance Source is a free information source. So use this site to gain a general understanding of insurance with your own area and situation in mind.  Make sure you review the "please read" page. Always speak with a licensed insurance professional about your specific situation.

Always speak with a licensed insurance representative about your specific situation.

This site is general in nature and there may be errors or ommissions

Please Read

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