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11 days ago@BrikoX
These are not “poor industry practices.” They are design features.
A similar thing happened with my father’s life insurance after he died, aged 43, in 1977.
His insurance company (Norwich Winterthur) took over a year to pay the benefit to my mom.
The only thing that kept our family housed and not sliding into poverty for that year was the whip-around organised by the unions, all of them, at the place where Dad worked.
Join your union, and be active in it. You never know when you’ll need them.
@driving_crooner They used a technicality on probate law to delay. It didn’t apply to a spouse, even back then, but because it was a “legal” tactic, there was no penalty interest. I doubt they paid any interest accrued, but I don’t know for sure.