Helpful hints to discover missing life insurance
Helpful hints to discover missing life insurance
To a common regret, a lot of life insurance policies are being unclaimed just because people don't give this matter a proper attention. Obviously, if one of your relatives assigns you as a beneficiary on his/her life insurance policy, you will be able to acquire benefits in future. Except for the following cases, when you are not absolutely positive of being mentioned as beneficiary on somebody's policy, or you are having hard times to find it, or in the worst case you don't have a clue about the policy existence at all.
Use the following tips to address this issue it might not be as complicated as you think it is.
1. Try to find any payments in connection with life insurance
Your problem can be solved as you find any payments, for instance: bank or credit card statements. It'll be an important finding as they identify the name of insurance company and information about premium payments. And, this is exactly what you need.
2. Inspect all possible stash places
Check all stash places to determine if a copy of life insurance policy is being kept in some unreachable place. It is first and foremost thing to be done while looking for lost life insurance policy. You might not realize how close missing insurance policy really is.
3. Traceincome tax returns of your late relative
Keep track of deceased's income tax returns for any interest income or interest payments to life insurance companies. As a rule, a permanent insurance holder gets interest on accumulated proceeds from insurance company or pays off a loan on insurance policy.
4. Go through late relative's old letters received by mail
Look through your late relative's old mail very carefully. It is very much possible you come across old insurance bills or insurance policy notices, which were received by mail over the past couple of years.
5. Check information on the other policies.
Try to find as much information on other policies your relative had in possession as you can. If you manage to come across some other life insurance policy your relative used to have, inquire the possibility to look through the application form. Usually, when applying for any other type of insurance people provide information on their life insurance as well.
6. Check with the past employers.
Get in touch with past employers without any hesitation. It is a well-known fact that majority of people are provided life insurance by the company they work for. So, stop scratching your head and contact past employers of the deceased person to check out if he/she was a part of a group insurance plan.
7. Your investigation did not give any results
In the invent you failed to spot life insurance policy of your late relative do not loose hope. You still can address "insurance policy locators". These companies are targeted to detect lost insurance policies as they manage online registries. They are aimed to help beneficiaries find lost policies and receive benefits as it was initially meant to.
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