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HomeMy WebLinkAbout04-29-91 ,- II THE !tATTER OF IN THE COURT OF COMOI PLEAS CUJlBERUID COUlTY PEINSYLVAlIA ORPHAN'S COURT DIVISION No. 507 Orphans 1978 Sara It. Vhittinqton An Inco.petent PETITIOI TO CHANGE Bt:IEnClARY 01 LU'E IISURAICE POLlCIES 1. Petitioner, Bonita J. Stahl, Guardian Officer at Selinsgrove Cenler, was appointed Guardian of the Estate of Sara M. Whittington by this Honorable Court. on November 17, 1978. 2. Sara M. Whittington is a resident of the Selinsgrove Center, Selinsgrove, Pennsylvania, having been admitted to said facility on December 18, 1968. 3. The Incompetent's marital status is she never married, and her military status is never served in the armed forces. 4. The Incompetent's next-oE-kin and their relationship to the Incompetent are: Mrs. Florence Whittington (mother) 100 B. Sout.h Fi rst Street Lemoyne, Pennsylvania 17043 5. The Incompetent's monthly income consists of a Social Security benefit of $175.00. BeCK 1~~1 p,~rF 803 " " . 6. 'l'he J llcompet.ent. I s ~3l:fet.s cons i st of Conserved Social Security Income of $1875.15 held by her Guardian. 7. The Petitioner also holds t.he following life insurance policies: a. American General Life and Accident. Insurance Co. policy number 117831985, face value $2000.00, cash value $57.90. b. American General Life Insurance Company policy number 79366340, face value $1000.00, cash value $264.13. c. A.erican General Life Insurance Co.pany policy number 78266624, face value $1000.00, cash value $341.62. d. The Knight.s Life Insurance Company, for.erly American General Life and Accident Insurance Coapany, policy number W0749355, face value $315.00, cash value $91.43. e. The Nat.ional Life & Accident Insurance COII.pany, policy number 3817443452, face value $375.00, cash value $224.15. 8. Selinsgrove Center bills the Incompetent at. t.he rate of $115.00 a month. 9. The beneficiaries on t.hese policies are eit.her the mother, Florence Whit.tingt.on, or the father, A1dine Whit.t.ington. The father died August 18, 1987. 10. It is the desire of the guardian to consider these policies in place of a $1200.00 irrevocable burial reserve. In order t.o ensure that the funds will be available for burial, a change of beneficiary t.o t.he "Estat.e of Sara ". Whit.t.ingt.on" would be needed. 11. Sara Whitt.ingt.on is current.ly on Medical Assistance. Among other benefits of being "edical Assistance eligible is t.he fact. that approximat.ely 55, of Sara's daily per diem of $192.00 is paid by Medical Assistance for Sara's st.ay here. Whenever a Medical Assist.ance recipient has life insurance policy(s) with a face value of more t.han S1500.00, any cash value over $1000.00 of the F~licy(s) is considered an availalbe resource for billing purposes. This limit.s the monies available to Sara to meet her personal needs. BOOK 121 PhCE 804 , - ., . . 13. Currently Sara Whittington is paying premiums of $246.72 per year on the above policies. Since Sara has only $60.0,0 per month to use for her personal needs, payment of the premiums reduces Sara's available assets. 14. As guardian 1 propose that The American General Life Insurance policy numhers: OOW0749355, 00,78266624, and 0079366340" be changed t.o reduced paid up policies. This will provide more monies for Sara WhitLingLon's personal needs. See Exhibit 'IA" for the new reduced values. WHEREFORE, Petitioner, Bonit.a J. Stahl, Guardian Officer, requests this Honorable Court authorize the guardian to change the beneficiary on the life insurance policies to "Estate of Sara l'1. Whittington" and c:hange the three American General Life Insurance policies to reduced paid-up policies. BY: {Jd1kt- ~.};kId . ~~ BOOK 121 P~r,E 805 ,. . '" \ . . COJlJlO'''tAL T8 OF . PEI.Sn. VAil A eOUlTY OF SlYDER AFFIDAVIT Imnit.a.J. Stahl, Petitioner in this maLt.er, being duly 8worn according t.o law, do depose and st.ate that. 1 am t.he GuardiflO Officer At Selinsgfove Center and that the fact.s set. forth in t.he forego i ng Peti l.i on are t.rue and correct. to t.he best of my knowledge, information and belief. ~~.~!l GilARDI AN . FI . R BOOK 121 P~r.E 806 - J . ' . # ,. I ~3i i~Jil\TOi';'-~'''~-' ~ldl.lq v,~""M ,j'I~!!\'N J:' :'(,';'. <: _J!i{~~r.~:~";': :~i'" , ',',I, ---. '" " .. . . ~~Ch THE 'Ifi..~ American General W GROUP ... * American General Life and Accident Insurance Company Harrisburg Office OiSlricl Of/ice Code PA02/938 POBox 4507 Camp Hill, Pennsylvania 1 7011 Selinsgrove Center Route 522, Box 500 Selinsgrove, Pa. 17870 Attention : Ms. Bonita St~hl March 28,1988 David Thoma. Manager 761-0435 Re: Sara Whittington Policies: OW0749355, 078266624, 079366340 Dear Ms. Stahl: In response to your letter dated March 17th, it is possible to convert the poliCies to paid up policies. #OOW0749355 would have a reduced death benefit of $160. #0078266624 would have a reduced death benefit of $906, and #0079366340 would have a reduced death benefit of~$450. If th1!S is what is desired to do, we would first have to change the ownership of the policies. Currently, Sa":'a is the owner of her own policies. If she is mentally incompetent in order to make any policy changes, the ownership should be changed. If you would like the ownership of these policies to be changed to you since you are Sara's guardian, thi s c~n be done. The beneficiary then also can be changed to Sara's Estate. If this is what you would like to be <llone, the attached forms should be completed. After ownership of the policies is changed, the policies than could be changed to reduced paid up )01ic1es if you so desire to do this. You also stated that you would be making the )premiUm payments on ! these policies. Have the premium receipt books been turned over to you? Payments sh~uld be mailed to this location. I'm sure you may have questions on these matters, ahd I would appreciate it if you would call me B.t your convenience so any chfU18es can be handled correctly and promptly. Sincerely, ~p~<-- EXHIBIT A - . . JII. ,-