How do you find out if a spouse cashed in your insurance policy?

Answer 1

The answer to the question depends in large part on the nature of the policy, as not all policies are susceptible to being "cashed in". For example, with property & casualty policies, a covered loss has to occur before the potential for payment of proceeds is triggered; further, the claim must be adjusted. During the latter process, your spouse would have to be shown to have an ownership or like interest in the property lost or damaged, as if she did not, there may be a question raised about her insurable interest.

If a life insurance policy is involved, were she to have been named as the owner of it (as distinct from being the beneficiary), she would in theory have the right to borrow against the cash value, or let it deplete by not making premium payments. In a sense, either of those actions could be considered "cashing in" the policy.

The insurer, or the agent from whom you purchased the policy should be contacted for an "in-force" statement of the policy which will give you its current status.