Post # 1
Ok so I just got a phone call letting me know that I am now beneficiary on my not in my life and hasnt been in my life in over 9 years fathers life insurance. (Real company I checked it out) So I not talking to him for MANY reasons have my sister call him (she got the same phone call i did) and he pre paid all of his burial costs and all of that. and just has the life insurance to benifit me and my sister. I am so confused on what the hell this means.
What is going on that he is now doing all of this… I know no one can really tell me whats going on I just needed to tell someone Fi is still at work and I am just kinda still confused…
Post # 3
@MsPanda: Is your dad still alive? I am assuming so. If he is, it doesn’t really mean anything until after he dies. It just means that his policy will be paid out to you after his death.
Post # 4
It sounds like he has a life insurance policy and he needs to leave it to someone….so he chose you and your sister. I’m not an expert but if you don’t want the money or whatever there is probably a way out.
Perhaps your dad is in poor health or at a point in his life where he is restructuring things?
Post # 5
Alot of people preprepare for those kinds of things. Darling Husband and I have already done all those things for ourselves and we are both healthy. I wouldn’t read to much into it, he may be legitimately trying to take care of you if something were to happen to him.
Post # 6
@MsPanda: PPs are right (from what I know). You should be able to just recieve the insurance (which I’m not sure if that means you assume the responsibility of making sure the burial costs are covered). You can also decline, from what I’ve heard.
I don’t speak to my father either…haven’t really thought of how to go about these things either (like turning down being in charge of his funeral as NOK). Hmm. Well I hope that things get cleared up for you. If anything, talk it over with your Fiance, your sister/mom to see what they’ve heard, and maybe ask the ins. co. what your responsibilities are upon disbursement and the options you have for declining.
Post # 7
Ok I know it doensnt mean all that much but My dad has been a drug addict for 21 years (im 22) And less than a year ago he was saying that I wasnt his kid and he needed a DNA test. I know that is sounds normal but with my father being who he is it just doesnt sound right.
Post # 8
Assuming he isn’t sick then he’s probably just being prepared.
ETA: Just read your response above. Sounds a little odd…