How do I find out if someone had life insurance?

Posted by: Byron Udell on Apr 16 Add comments
The death of a loved one is a difficult subject for almost everyone. We have prepared a very useful checklist of things that need to be done when someone dies, and we hope that you will take the time to read through it now so that if the time comes you will be more prepared. You may also wish to print the page and place it with your important papers for future reference.

When it comes to finding out if somone had life insurance you should contact the deceased's life insurance agent. In most cases, life insurance companies require only two forms to establish proof of claim: a claimant's statement and a death certificate or an attending physician's statement. The claimant's statement must be completed by the beneficiary.

If you are the beneficiary, you'll be facing crucial financial decisions at a time when you may be least prepared to make sound financial decisions. To add to the burden, the amount of money involved may be very large. For this reason, some life insurance companies offer an interest-bearing money market-type account that allows you to write checks against your benefit proceeds the same day you receive your checkbook.

This provides immediate access to and complete control of your proceeds, while they earn a competitive rate of interest and a guarantee of principal by the insurer. It gives you the time you need to evaluate your changed financial situation and to talk things over with your trusted advisors.
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8 responses to “How do I find out if someone had life insurance?”

  1. Nomistresshere Says:
    My father recently died (2 weeks ago) and my stepmother has been totally uncooperative in helping us to locate my father's will and also inform us of where his life insurance policy is. <br><br>For years my father told me and my siblings that he had a life insurance policy and that when he died we would get 50% each along with any property that he owned. Unfortunately, my stepmother has all the pertinent info and will not release it to us.<br><br>How can we find out if our father actually had life insurance and if he did, who do we contact?<br><br>Thanks!<br><br>Nomistresshere
  2. Byron Udell Says:
    You'd have to have some idea of what life insurance company he might have owned a policy with. There are over 1000 possible companies. If you knew which company, you could easily call to inquire as to whether your father actually had a policy with them, and who the beneficiaries are.
  3. Byron Udell Says:
    Hi Amber,

    I'm sorry for your loss. Locating a life insurance policy can be tough, but before you spend money to hire a service to look for a lost life insurance policy owned by your father, try these steps:

    1. Contact your father's bank for copies of old checks or go through canceled checks. He might have paid his life insurance bills by check. The insurance company's name was probably written on these checks.

    2. Your father might have paid premiums by credit card, so you might want to check old credit card statements.

    3. Contact past/current employers to see if your father had group life insurance

    4. Contact the treasury department in the state in order to see where the policy was purchased. As unclaimed property, death benefits might turn up there usually after three to five years.
  4. Yousef Ahmed Says:
    I have lost contact with my father the last 5 years. He always told me he had a life insurance policy and was sick the last time I talked to him. How can I find out if he had a policy and with what company. I may be the beneficiary. Thank You
  5. Byron Udell Says:
    Hi Yousef,

    I'm sorry to hear about your loss. Here are some tips to help you locate your father's life insurance policy:

    1. Contact your father's bank for copies of old checks or go through canceled checks. He might have paid his life insurance bills by check. The insurance company's name was probably written on these checks.

    2. Your father might have paid premiums by credit card, so you might want to check old credit card statements.

    3. Contact past/current employers to see if your father had group life insurance

    4. Contact the treasury department in the state in order to see where the policy was purchased. As unclaimed property, death benefits might turn up there usually after three to five years.
  6. Yousef Ahmed Says:
    I am trying to find out what life insurance company my father might have had with me as the beneficiary. I lost track of him 5 years ago. Thank You
  7. Amber Says:
    My father just passed on 12/24/09. I have been told that he has a life insurance policy and 401k and savings. I do not know how to go about any of this. If someone has any advice that could help please let me know. Do I need to get a lawyer?
  8. tg Says:
    If you knew a company had a life insurance policy on your father, before he died you would have to have been power of attorney and request a copy of the beneficiary page of the policy. They only mail it to the house listed on the policy, so your stepmother would get it unbeknownst to you. Basically the same thing after he dies, the policy payout would go to the surviving spouse, unless you're listed as beneficiary. Exact same thing just happened to me.

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