How do you find out if someone had life insurance policies after they die?

Answer 1

A: First of all, there is no specific process or a product that guides you as to how to locate a life insurance policy. But with some patience and hard work, it is possible. The following sources can help with your inquiries, in reference to finding a life insurance policy that's lost.

They are as follows:

• Personal records: Personal records should be checked very thoroughly, as we might find a record, a copy, a contract or even an old policy, that could lead to any information regarding the policy.
• Legal representatives: Legal representatives, such as lawyers or Accountants should be contacted, as they might possess information related to investments made by the deceased, including any insurance policy.
• Banking records : Past banking records should be checked, for any payments made towards premiums, or any other payments related to the policy.
• Credit card companies: Credit card companies should be checked to see whether the person may have made any credit payments, relating to any insurance policy such as opening fee, premium or any back dated payments.
• Previous employers: Previous employers should be contacted, to know if the person was a part of any group insurance plan or scheme.
• Professional acquaintances: Professional acquaintances should be contacted, on the chance that the policy holder may have spent majority of time with them, during which he might have discussed his investments, including insurance policies.
• Income tax returns: Income tax returns should be checked for any tax deduction, or any returns availed, on any of the policy holder's investments
• Insurance companies: Insurance companies that had taken out old policies can be contacted, to check if any new policy, as a rider, or as an entirely differently policy was started.
• Personal friends and neighbors: Personal friends and neighbors can always be queried whether they remember the deceased mention any insurance policy or investments.
• Travel agents, airlines, etc: In cases, where the person's death has occurred while traveling, the travel agents, the airlines or the shipping company, should be approached in order to check if the person was eligible for insurance applicable to travelers.

Checking these sources will help you finding a deceased person's life insurance policy. A life insurance policy can always be claimed anytime, as insurance companies are liable to pay, if the death of the insured took place, when the term of the policy was still in effect.

Contact The Center for Life Insurance Disputes. Through their website you can do a lost policy search.