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Will Life Insurance Pay on day of being decease?

Ok. We found out that my step dad had a policy for "Globe and Life" for $10000. But he got 3 months behind on insurance. So, once he go his SSI check I paid with my money on 5th of Nov at 10:10pm. Come to find out that he went to the emergency room on the 4th Nov @ 7pm then they sent him to ICU. Death Certificate says Heart Attack (short illness). We the family did not know he was in hospital. Because the hospital had no information of next immediate known of contact to call because of his close family is across many states. And half of family we did not know. So, he pass on Nov 5 @ 10:50pm. Will his policy still be affected? Because, when I paid on Nov 5 @ 10:10pm; I paid for 3 months (2 months of when he was behind & Dec. payment). Do anyone know if the funeral expenses will be paid by the life insurance? Because, we just found out that his cremation is $4500. We have no money to pay that. Note: He had the insurance since 8/2007. Paid good until Sept 2010. He didn't pay Sept, Oct. I paid Nov up to december 2010.

Public Comments

1. I would call the insurance company and ask them for the check as soon as possible so you can pay for the cremation.
2. No one here could absolutely know, but most of the time, you only have 30 days from the date the payment is due, to pay, before coverage cancels. Not three months. There's a very, very good chance that the payment will be sent back to stepdad (or the policy owner), and the policy will remain cancelled. Keep in mind, even if it DOES pay out, it pays the named beneficiary - and they can do whatever the heck they want, with that money. But I'd shop around if I were you, I think you're getting robbed on the cremation costs. If you have time to shop around. Sorry for your loss.
3. The insurance, if in fact in effect at the time of death, will pay the benefit directly (and ONLY) to the named beneficiary(ies). Expect that process to take at least a few weeks.