Dear wise elder,
When my father passed away, we thought he had a life insurance policy, but we don’t know how to find it. No suggestion?
Son looking
Researcher Researcher,
Lost or forgotten life insurance policies are very common in the
While there is unfortunately no national database to track these policies, there are a number of strategies and some new resources that can help you with your research. Here are several to get you started.
Look up his records: Check your father’s financial records or areas where he kept his important documents for a policy, premium payment statements or an insurer’s bills. Also contact her employer or former benefits administrator, insurance agents, financial planner, accountant, lawyer or other advisor and ask if they know of a life insurance policy. Also check safes, watch mail for bonus invoices or lifetime dividend notices, and examine old tax returns, looking for interest income and interest charges paid to companies. life insurance.
Get help: The
Contact the insurer: If you believe a particular insurer has underwritten the policy, contact that insurer’s claims office and ask. The more information you have, such as your father’s date of birth and death,
Finding Unclaimed Property: If your father passed away more than a few years ago, benefits may have already been remitted to the unclaimed property office in the state where the policy was purchased. Go to MissingMoney.com, a website of the
If your father’s name or the name of a potential benefactor produces success, you will need to prove your claim. The required documentation, which may vary from state to state, is detailed in the claim forms and a death certificate may be required.
Finding Paid Services: Several companies offer policy locator services for a fee. The
You can also get help from Policy Inspector (PolicyInspector.com) for
Send your senior questions to: Savvy Senior, PO Box 5443,
Senior informed
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