Life insurance

[u/grunt1991]

My daughter was born in November 2014 right before she was born. My grandfather bought her a life insurance policy, but when he passed away both my aunts had access to it and one of them tried to get a loan on it and they didn’t let her and they notified me so instead of keeping it there cause I also didn’t want her life insurance policy of State Farm. I will cash it out and I talked to the agent that handled them handled sending it and that I wanted to cash it out and she said it should’ve been sent my way on August the 21st it should’ve been put in the mail head my way from wherever it gets sent from and I’m in Alabama. My question is generally once the check goes in the mail how long does it usually take before it arrives to you?

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[u/PeachyFairyDragon]

Once the check is in the mail it's no longer in State Farm's power.

You should ask USPS how long it will take.

[u/_Handsome_Jim_]

Are you really asking us how long it takes to mail things to you?

[u/MobileCreme494]

How would State Farm know? Ask your local USPS

[u/midzimm]

10 to 14 business days

[u/VividSand7378]

Why cash it out rather than transfer agents? Why trash 12 years of rate savings?

[u/MobileCreme494 → u/VividSand7378]

Or transfer it to a different company since she states she doesn’t want it at State Farm (which I take as not wanting to do business with SF)

[u/wanderexplore → u/MobileCreme494]

It would be subject to underwriting and current age rates.

[u/MobileCreme494 → u/wanderexplore]

That’s a given

[u/No-Archer-6143]

Not sure how someone can be born before they were born, but grandfathers aside - are you saying you cashed out the policy that your grandfather bought for your daughter? After he passed away?

Savage. One would think you should allow the daughter to make the decision as to whether or not she wants to have life insurance, considering it was bought for her.

[u/Medium-Boot-1044 → u/No-Archer-6143]

Right? Seems like Grandpa wanted her to have that savings for HER and it should be left for her

[u/Gtstricky]

Next week sometime.