How do you find out if someone had a life insurance policy before they died?
The National Association of Insurance Commissioners has a "Life Insurance Company Location System" to help you find state insurance department personnel who might help identify companies that might have written life insurance on the deceased.
Check with the state's unclaimed property office. -If a life insurance company knows that an insured client has died but can't find the beneficiary, the death benefit would have to be escheated to the state of last known address of owner or to the state in which the policy was bought as "unclaimed property."
The National Association of Unclaimed Property Administrators (unclaimed.org) - NAUPA is the association of the state unclaimed property programs, but the databases are located and maintained by each state, not NAUPA. However, most states participate in MissingMoney and we suggest that you search there
The Center for Life Insurance Disputes - contact this group and you can do a lost life insurance policy search through their website.
Here's are some tips:
If the house and car were insured, start with the local agents who sold those policies. Insurance companies usually keep track of customer names and Social Security numbers.
If the policy was active, a premium notice eventually will come in the mail. Look for canceled insurance checks.
Private firms specialize in finding lost life insurance for a fee. Search the Internet for "find lost life insurance" "missing life insurance policies" "Life Benefits Search" or "Lost Life Insurance Finder."
It Happens Every Day, Life insurance is often purchased to protect against loss of income, but policyholders commonly fail to inform the beneficiary(s) of the policy's existence. As a result, many policies go unclaimed based on long dormancy periods or lack of awareness. Insurance companies would like to distribute what is rightfully due, but the responsibility to claim benefits lies with the survivors. It is estimated that over $1 billion of insurance proceeds currently could be claimed by beneficiaries from North American insurance companies..
Check the bank account statements for regular with drawls... it may be a few years back for 20 year pay policies. Do follow up from there. Check with family friends, sometime the owner might have discussed it with them.
Call the suspect companies and ask. If you have the persons info and know what company he may have been insured with, you can call the insurance company claims department and ask. They will only tell you if he was insured and nothing more without evidence that you are privy to that info. Also, call his insurance agent and ask.
How can you find out if someone left insurance policy and named me as the beneficiary after they passed away?
if someone died and left an insurance policy and named me beneficiary how can i find out Read More
How do you find out if someone had a life insurance policy before they died and you suspect executor did not notify you?
If you are allowed to look at the person who died personal records, you want to check bank statements with withdrawals to an insurance company. You must be legally allowed to do that though! Read More
Locate the name of the insurer that issued the policy; from there you can contact the insurer to start a claim, even the policy number is unknown. Search through files, safe deposit boxes and other areas where your loved one might have kept insurance documents. If you can't find evidence of the policy there, try to find out the name of the life insurance company that issued the policy. Read More
The owner of the policy can change the beneficiary of the policy. If the original beneficiary has died before the insured, the owner of the policy can designate a new beneficiary at any time. Read More
If you have applied for insurance and paid a premium, you are essentially insured if you have been given a binder. In life insurance if the applicant dies before the policy can be issued, you would file a claim as if it had. The claim would be processed and if the applicant is found to be insurable had he still been alive, the claim would proceed as if he already had a policy in force… Read More
My partner died and left an insurance policy but didnt make a will i had 3 children with her am i entilted to her insurance money?
Not unless you are named on the policy. Read More
A 71 year old men passed away about 1 year ago. He had taken a 10 years term insurance policy 1 month before he died. The policy was just discovered. will the insurance company pay?
Send a certified copy of the death certificate and A COPY OF proof of the insurance policy and you should receive payment. Read More
mom died need to know if she had a policy. Read More
If someone took out a modified benefit whole life insurance policy in June 1998 and died in August 2008 and the policy was 5000 what is the death benefit paid?
5000 contestability period is two years Read More
If your Dad was the beneficiary of the life policy you would need to change beneficiaries at theis time. I can help. 4lifeguild Read More
If the beneficiary of a life insurance died before the policy holder and there was no contingent beneficiary does the life insurance go the next of kin or to the estate?
The life insurance proceeds must enter the estate, The Executor of the estate will then determine how, when and to whom it should be dispersed. Read More
1. Call the Life Insurance company that the deceased had and ask. You must be the executor of the estate or the beneficiary of the Life Insurance policy for them to give you this information. Basically, you tell them who you are and they will say yes you are or no you are not. In most cases you will only get this information when you produce the death certificate. 2. Check with The Center for… Read More
Do you have to carry someone that lives with you on your policy and if the policy is up for renewal can you drop the other person off of your policy?
If you are not the primary bearifciney then they won't contact you. Say you dad named you mom as primary and you as secondary and there are no more kids. Then you mom gets the insurance money. If your mom was named ( or someone else ) was named as primary and they died prior to the insured then the secondary person gets the money. They should contact you, but if you want contact the… Read More
Once they die you have to cash it if you want to get the benefit of it. The policy does gain any more value after they die so its in your best interests to make the claim and get the payout. Read More
You are insuring the car and not the driver. Of course since the driver has died, you should notify the insurance company of this. The insurance policy is still in place until the policy runs out. As long as the premium is paid on time the policy is good, and the car is still insured. Read More
No, not at all. You may have some difficulty claiming it if the premiums are not current but if the policy was in good standing when the insured died, then the insurance company would have to pay the claim even if the policy was canceled due to non-pay after he died. 4lifeguild Read More
Does the person who is named Beneficiary on a Life Insurance Policy have to split the money if they are sole beneficiary on the Life Insurance Policy however in the Will states that assets be divided?
No. The proceeds will be paid by the insurance company to the named beneficiary. The insurance payoff is not part of the estate so it does not pass under the Will. Read More
Change of ownership is not allowed in life insurance policy. Once the policy holder dies, accrued sum is payable to the nominee and the matter ends there. In that case, you are to take policy afresh. Read More
Can a life insurance company say you are not eligible to cash policy on Ex husband who died recently that you have been paying for 19 years?
When an insured person dies, presuming the policy is "in force," and the contestable period is past (two years from the date of issue), the insurance company pays the death benefit to the beneficary(ies). Cashing in a policy usually can only be done by the owner of the policy, or by someone to whom the policy has been assigned, prior to the death of the insured. Read More
If the system is the same as in the US, and if you have the right to do so, you can review their bank statements and see if withdrawals were done from an insurance company. The name of the company should be on the bank statement and sometimes the phone number. You can then call the insurance company and check. They may or may not answer your questions. That may depend on your relationship to… Read More
My name is Gwendolyn Watkins Jefferson. Did my mother, Pearl C. Watkins have a policy on me? Read More
What if your husband had a group insurance policy and it was assigned to his first wife during the divorce She named a family member as the beneficiary but died before the insured What happens now?
The conditions in the policy will explain what should happen. Most insurance companies have been around long enough to have solutions for pretty much any contingency. Read More
How do you find out what happened to the life insurance policy your grandmother had when she died and your cousin and yourself were beneficiaries but never saw the money?
You should phone the insurance company and ask them about it; make sure you have the insurance policy number on hand, they will need to know. Read More
Your husband died last month and you found an insurance policy on him dated Dec 11931 when he was 1 year old is this policy in force?
It might be and most likely is. You found the policy, contact the claims department of the carrying insurance company. Read More
An insurance policy is a contract between an insurance company and the person purchasing the policy (or the insured). The policy costs a specified amount and if all premiums are paid in a timely manner, once the insured has died, their beneficiary (who whomever they name) will be paid a sum of money. Read More
How much money will you get back from life insurance if your spouse died after 30 years of marriage?
This depends on the policy. The best thing to do is to call the life insurance agent to ask about the specific policy in question. Read More
No, Your home insurance is "Property Insurance" coverage specific to the structures and contents listed in the policy. Homeowners Insurance does not compensate for loss of a pet. Read More
it depends how they died Read More
Does insurance company owe money to family members in 2010 if policy holder purchased policy in 1953?
If the policy was still in force and the insured has died, then yes, the insurance company would owe the death benefit. If the policy was cancelled or surrendered, the company would not owe anything. Read More
Contact the company which issued the policy. A life insurance policy is generally only valid if the premiums are maintained. You'd need to know if your brother kept up the payments. Read More
If you are trying to locate a life insurance policy that may have existed from someone who has died, try looking at their old bank statements, checkbook etc.. to see if there were checks made out to insurance companies. If they had an auto or home policy, check with those companies as well as the agent who wrote the policies as they may be able to help you. You can also inquire with the MIB… Read More
Contest it how and why? I am going to have to assume that you are saying someone died and had a girlfriend or someone else as the beneficiary on a life insurance policy and not his wife. If this is the case she can try but she will not be successful in contesting it. A life insurance application and policy make up a legally binding contract. If he did not put her as beneficiary it… Read More
Does a 2nd wife have a right to receive life insurance of several thousand a month until she dies but they divorced years before he died and she remarried before his death?
Maybe. Life insurance is a contract and if the beneficiary on the policy is listed as the 2nd wife, she is entitled to the money. Check the divorce decree, it may, depending on who drafted it and what state you are in, may have stated that any such designation as beneficiary is void. It may also have said in the divorce decree that maintaining her as beneficiary of an insurance policy was a condition of… Read More
If the beneficiary of a life insurance died before the policy holder do you need a copy of the beneficiary death certificate?
Yes. If there is a contingent beneficiary, the insurance company will need proof that the primary predeceased the principal in order to pay the contingent beneficiary. If there was no contingent beneficiary named the insurance company will pay the proceeds to the principal's estate. Read More
You may need to be appointed the fiduciary of his estate because the proceeds will be paid to the estate. You should contact the insurance company for their policy regarding a situation such as yours. Read More
My Mother, Martha H. Bartlett, died on January 7, 2013. She had an Equitable Life Insurance Company policy. The policy no. is 530711031. Would you please let me know anything about this policy. I am her daughter, Carolyn Bartlett Burnett. Read More
Life insurance death benefits are passed to beneficiaries income tax free. Read More
A term policy is a kind of insurance policy wherein it provides coverage for a limited period of time only. When the insured person died during coverage time, and the policy is active, the relatives can get a death benefit. Read More
Ihave just found an old insurance policy belonging to my mother who died 37 years ago how do i know if its been cashed or not?
Normally a policy docment is surrendered to the insurance company to initiate payment. As all insurance companies are different, check with the insurance company whether they have paid out on it and whether they have a time limit on claims. Read More
If the premiums are paid up and there is no premium due then the policy may still be in force and is payable to the beneficiary or an estate upon providing proof of the death (usually a death certificate). This is not as uncommon as you may think. Read More
Term life insurance is life insurance protection for a specific number of years. For example, if you buy 10 year level term life insurance and you die within 3 years of buying the policy, your beneficiary would receive the life insurance proceeds, usually free of federal income tax. However, if you stopped paying on your life insurance policy (policy lapse) and your coverage was not "In Force" when you died, there would be no pay-out… Read More
Can you pay into an old policy if the policy holder died and the policy hasn't been paid in three years?
Most insurance companies wont allow a policy to be reinstaed after the policy has lapsed (or become paid up). once 13 months of premiums are missed usually the policy becomes lapsed and cannot be reinstated after this time. It is worth calling the customer reps for your insurance company who can confirm this. Read More
Can the insurance company deny a claim on a group life insurance policy held for 10 years if your mom died from an accidental overdose of her prescription methadone?
If the policy was current, and the attending physician's opinion is that it was an accident then no they cannot deny the claim on those grounds. Read More
The owner of a life insurance policy is most frequently, but not always, the insured. If the insured is not the owner, and is still alive, he/she can contact the consurance company or the agent and designate another person as the owner. Read More
If my brother and father are dead and father owner of life insurance policy for brother and father named as beneficiary am I beneficiary before my brothers common law wife or my brothers adult son?
Questions that must be considered: (1) Who died first, your father, or your brother? If they both died simultaneously then your brothers's insurance policy wouuld go to your father's estate UNLESS a secondary beneficiary had been named. (2) Who are the named beneficiaries on your brother's insurance policy? It actually makes no difference what their marriage status was, it is the NAMING of a beneficiary that counts, NOT their family status. If no other beneficiary… Read More
Yes, they require proof that the person who is insured has died. Read More
That depends on the policy. Read More
My dad died in 1963 in the army my mom and her 4 kids never got a life insurance payment and i want to find out why?
You'd have to contact the insurance company concerned. There may be a number of reasons why they didn't pay out. If he was expected to contribute to the policy, he might have defaulted on payments or could have died from something that wasn't covered by the policy etc. Read More
You need to contact the insurance company to find out. Unfortunately, there is no easy way to find out what insurance company, if any, the person was using. But here are a few hints: If you have access to the person's records, look through the files for a copy of the policy or cancelled checks to an insurance company. If the person had auto or home insurance, contact that company. Many people keep all their… Read More