I am so confused. It’s variable whole life John Hancock Insurance and it was open for me back in the early 80’s.
I got in touch with John Hancock and they told me that my father is now the contingent owner.
My father thinks that it’s money that’s been left for me and wants to give everything to me and make me the owner, so the company sent me the forms for us to get that taken care of.
I’m very confused, because they had sent out mail earlier this year where they ask for quarterly payments on it and I don’t quite understand it if I’m suppose to receive money as the insured.
If we do the paperwork to make me the owner, does that mean that I am able to make a claim for payment to be mailed to me, because I am the insured and the original owner passed away?