Legal Question in Insurance Law in Iowa

Is this insurance fraud?

Several years ago my mother purchased a life insurance policy on herself. At that time she signed a waiver of premium. When she became disabled, she was told by Prudential that it would only be worth $5,000 face value, not the $50,000 she originally purchased. Litigation ensued and Prudential lost. My mother died while it was being litigated and now Prudential will not pay, claiming that it wasn't reinstated at the $50,000 value at the time of her death. What should my father do now? He keeps getting letters from Prudential urging him to sign and accept a cash settlement for $25,000. He hasn't signed them and we are waiting to see what to do.

Thank you.

1 Answer from Attorneys

Related Questions & Answers

More Insurance Law questions and answers in Iowa

Looking for something else?