How do you find out what company holds your life insurance policy if someone else has the policy and wont let you have any information even the company name?

Answer 1

Short and sweet answer? Contact your state insurance commissioner for guidance. Be ready to provide identifying information, such as social security number (it's on the policy application), address (it's on the policy application), names of insured, beneficiary, and owner (it's on the policy application). The insurance commissioner has the power to find out for you, or at least a starting point. Assuming that "holds your life insurance policy" means that you are the insured or one of the 3 actors (insured, owner, beneficiary) on the policy, you should'nt have much of a problem getting what you need. I wouldn't even worry or even mention the party that refuses to devulge the information you want. They are not part of the equation.

ANSWER

The foregoing is correct in some ways, but it does not get to the heart of the issue.

The question could suggest that the person without the policy is in fact the insured and has paid the premiums. If that is the case, he/she should check canceled checks or other payment records to see to what the premiums were paid. Too, that person should check with the insurance agent with which he/she deals for other insurances to determine if life insurance was purchased as well (many agents are dually licensed for life and health and property and casualty).

Sometimes, a loan application, such as for a mortgage, will ask for information as to insurance, because some lenders consider it to be an asset. Therefore, those kinds of documents should be checked to see if an insurer was listed.

As mentioned above, you could approach the Consumer Services division of the state's insurance regulatory authority. However, there is generally no central registry that correlates an individual with a company that issued a policy; those records are maintained within the insurance company itself.

That said, if you can show that a "fast one" may have been pulled by someone or something over which the department of insurance has jurisdiction (power), it is possible that the department could open an investigation and dig out information for you. Generally, an insurance regulator has jurisdiction over people and entities that it licenses, such as agents, adjusters, and insurance companies. However, it can also assert jurisdiction over persons who commit wrongful acts with respect to insurance transactions even if they are not licensed by the insurance regulatory authority.