Prudential Complaint - Prudential Life Insurance Policy - Life Insurance Policy

Posted by Cyane on 2008-01-09:

Prudential isn't "ripping" you off. If a policy is contested, the policy funds are deposited into a trust account. After the court decides, the trust is then distributed. You probably should look into getting an attorney.

Posted by Robf on 2008-01-09:

I am guessing that the person doing the contesting is under the believe that you were named benificiary fraudulently. The insurance company certainly wouldn't pay your claim until the matter is settled in court.

Posted by Hugh_Jorgen on 2008-01-09:

Like the others said, don't blame Prudential. The law is clear as to what they have to do when a claim is contested. I would be more concerned about my upcoming court hearing than going online to bash an insurance company.

Posted by Principissa on 2008-01-09:

I agree with Robf. We went through a similar ordeal when my grandpa passed away. My cousin Joeseph decided that he was owed the entire amount of his policy because he didn't believe that he would leave everything to my kids. Needless to say five years later it is still in litigation, and it was only 5 grand for each child.

Posted by jenjenn on 2008-01-09:

I'm sure payment will be made once the courts settle this. This is not Prudential's issue...it would be yours, unfortunately.

Posted by BMW DOLL on 2008-01-09:

iIt is also Prudential's fault ,according to an attorney, that they should release funds to the beneficiary. then if the person wants to contest they sue the person.
This is very upsetting to me because the person who passed is not even getting his wishes met when he paid and thought a polcy was secure. any Joe Blow could decide to contest.
Put your thinking cap on.....

Posted by GothicSmurf on 2008-01-09:

It is NOT their fault. You put your thinking cap on. If the money is contested BEFORE the release, they can and do hold it and it actually much less of a headache in the end. Sometimes logic overrides sympathy. And any Joe Blow could contest, but only valid claims will make Prudential hold the money. The person has to prove they have a steak in the policy- inheritance.

Basically you are saying you'd rather have the money then be sued (which would cost YOU money) instead of letting Prudential settle it for you with their lawyers for "free"? You sound like a whiny brat.

Posted by Hugh_Jorgen on 2008-01-09:

You might want to spend some time finding a better attorney. If the money hasn't been paid out yet, the first thing the other attorney is going to do is file his lawsuit and get a court order blocking Prudential from making the payment prior to the court hearing. Under your plan, you get the money now, spend it, then when the court order goes against you and you have to return some or all of the money you just shrug your shoulders and tell them "too bad, I spent it". The other attorney is one step ahead of you. You might want to start taking this more seriously - people lose cases like this every day.

Posted by Lidman on 2008-01-09:

I am guessing that the person doing the contesting is under the believe that they can rip you off and cheat you out of what is yours. People are greedy by nature and when there is a death involved they come out of the woodworks. Good luck to you

Posted by dealerdirect on 2008-01-09:

I thought Anna Nicole was dead