Insurance payout due to death of my daughter
My daughter died in an auto accident in July 2004;her Mother my ex-wife called me tonight to tell me that the insurance (and I'm not sure if it is just life or auto or both)offered her $100,000.00 of a $300,000.00 policy (she believes about, but isn't sure 50,000 was paid in damages, etc. to the the truck my daughter hit before burning to death, though no one was hurt in that vehicle, which was a city utility truck)
I knew nothing about this policy, and thought everything had been settled. My ex-wife informed me that we (she and I)are the beneficiaries(?) of this money. Her question to me was, how do we attain the entire amount, as opposed to the one offered. I guess I'm asking (and maybe needing to know more from her, my ex) why wouldn't the entire amount simply be paid?