I believe my grandpa was tricked into buying an Accident Life Insurance Policy. Is there anything we can do? -

My grandpa died from cancer. He believed he was leaving our family with enough money from the life insurance policy to be able to pay off our home. We were suprised to find out he has Accidental Life Insurance when we tried to make the death claim, and that we would receive nothing. We believe he was tricked into purchasing this less expensive policy. Is there anything we can do? Locate the policy and read through it. If you believe that he was tricked you can consult with an attorney. This might be difficult to prove without witnesses to his insurance purchase other than the agent. Unless you can prove that he was duped (he's dead now), there is nothing you can do at this point. Of course, if GrandDad had been declared mentally incompetent prior to purchasing the policy, you COULD get back any premiums he had paid for the policy, but you still won't get any death benefits. Sad to say, GrandDad was supposed to know what he was buying. If he signed for the policy, you don't have much of a leg to stand on. you will need more than belief. You will need evidence. Did he knwo he had cancer when he bought the policy? If so, an older guy with cancer is not likely to be insurable for a normal life insurance policy. Think about it.....what insurance company in their right mind would agree to it? Even if one would....the premiuims would be so high that it wouldn't be worth it to buy the policy.... So I doubt he was tricked....he probably just bought the only policy available to him. Sure, hire a lawyer, for $200 an hour, and sue. On what BASIS do you think he was tricked? It's going to be DAMN hard to prove, but it's your $20,000. Just the fact that you "didn't get money", well, that's not good enough. Accidental life only covers if you die from an ACCIDENT. Even the NAME of the policy should be a clue, that HEALTH issues aren't going to be covered. Yes you need to read the policy thoroughly. Also it depends on when the policy was taken out. If your grandpa already had cancer when he took out the insurance this should have been disclosed to the insurance agent and it would have to be recorded in policy. Therefore the insurance agent would have known and should have recommended another form of insurance. You will need to get legal advice asap and good luck hope all goes well and it is resolved I wonder what makes you think he was tricked. Unfortunately, many people are mistaken about their insurance coverage. That's why it's prudent to review your insurance periodically. If you need help, you can use a service like mine. If you believe the sale was fraudulent, you need to find evidence of some kind like marketing materials that was written on by the agent or broker. I'm sorry for your loss.