We just learned my dad had a life insurance policy, 12 years later. Has the window closed with the insurer?

Group 1 - A significant portion of older Americans, 72%, intend to leave an inheritance, yet only 48% have established a plan for it [2] - Among younger Americans, 39% have not discussed financial plans, including inheritances, with their relatives, leading to potential confusion regarding asset distribution [2] - The case of Helen illustrates the risks of not communicating about life insurance policies, as her mother was unaware of a policy that could have provided financial support [3][4] Group 2 - Life insurance policies are legal agreements that ensure beneficiaries receive a specified amount upon the policyholder's death or severe injury, contingent on premium payments being maintained [5] - The funds from life insurance can cover various expenses, including medical bills, funeral costs, and can also support beneficiaries' living expenses or debts [6]