6 Steps To Find Out If Someone Has Life Insurance

Simply try typing your loved ones name into the search box of these sites:

  • National Association of
  • Insurance Commissioners
  • Life Insurance Policy Locator
  • MissingMoney.com
  • National Association of Unclaimed Property Administrators
Google
6 Steps On How To Find Out If Someone Has Life Insurance

Website To Find Out If Someone Has Life Insurance

Universal and term life insurance guideThe Passing of a loved one is very hard to come to terms with and have a hard time dealing with it. That also comes with many expenses along the way. The road to overcoming grief is more comfortable if there is coverage that can aid you to get through all the costs. However, many families are not aware that their deceased loved one has a policy. If you want to find out, it is good to know that there are ways to search for insurance coverage. You need a little detective skill to uncover this information.

The World Wide Web is your most essential tool as you try to uncover possible life insurance. It is through an online search that you can find out about a forgotten coverage that might save your future.

6 Effective Ways How To Find Out If Someone Has Life Insurance On You

Your quest in finding out life insurance is not easy, and you need to know exactly where to begin. Thankfully, there are things that you can consider to find out the truth.

1. Ask for Information from Family and Close Friends

The very first source of the right information is your family member. There is a higher possibility that at least one family member is aware that the deceased had acquired life insurance. Another great source of information is close friends.

2. Ask their Employer

You can also ask his or her employer as there is a chance that the deceased may have a group life insurance plan through the company. However, coverage from this type of insurance is not that high, but it can still cover some expenses.

3. Ask some Insurers

You can look for a car or homeowner policy. If you find one, then there is a good chance that he or she may also acquire coverage with the same insurer. Always check the email; it is essential to read some emails from an insurance company. It is also possible that the insurer is not aware that the policyholder already passed away.

4. Check Bank Statements

One of the most useful documents is a bank statement because payments from insurance will indeed reflect in the bank documents. You may also check with the income tax return as deductions may appear in the papers.

5. Opt for an Online Locator

If in case you did not find any valuable information from the above sources, then you can go to different online databases to search for possible policy coverage. The following are some options for you:

You can check with NAIC or the National Association of Insurance Commissioners

You may also go to unclaimed.org

Or you can check it from missingmoney.com

6. Go for the Service of Private Search Company

The last resort, as you also need to spend cash to get their service. If the deceased seems to have acquired life insurance, then you can spend a little to have the information in which one will need it. A person might choose the following:

You can hire the service of MIB.

You can ask for the VitalCheck service.

Or hire someone from Policy Inspector.

It would be best if you were very careful when choosing the right provider as there are lots of scammers that that will steal your money from you. If in case you cannot find any information, then the deceased may not have any policy at all. There is no harm in trying to look for life insurance information because a little money that you can get will go a long way.

How Do I Find Out If I Am A Beneficiary On A Life Insurance Policy And Receive My Benefits From It

Once you have found a policy, you might have further questions on getting the proceeds. Try our guide on how to obtain your life insurance benefits? Most FAQ’s answered.

How much does life insurance cost?

FAQs

Can just anyone request information about a life insurance policy?

Even after someone dies, life insurance carriers must adhere to privacy laws to protect their clients. In most cases, the next of kin or policy beneficiaries may get information about a policy, but they may need to show proof to the carrier to gain access. 

What type of information must I have to make a claim?

You will need several pieces of documentation will be required:

  • deceased’s full name, including maiden name
  • Social Security Number (SSN)
  • death certificate
  • proof of your relationship and identity

To get the process started, you must contact the life insurance carrier that the policy is through, and they will provide you with instructions on what to do.

If no one claims the money, what happens to the death benefits?

If this situation happens, then the unclaimed death benefits are turned over to the state’s unclaimed property, usually at the State Treasurers’ office. 

 

Is it possible to be the beneficiary of a life insurance policy and not know it?

Yes, it is. A person does not have to be notified when you list them as a beneficiary on their policy.

Coach B. Insurance logo

Compare the market, right here.

Coach B. saves you up to 60% by comparing the top-rated companies on our quote and apply platform.

Meet the team

About Coach B.

After starting his financial career with Phoenix Home Life Insurance Company back in 1992, Scott decided he wanted to provide people with an easier and more enjoyable way to buy life insurance. That was the start of Coach B. Life Insurance, whose mission is to be transparent, honest, and helpful to customers — without ever bugging or pushing them.

In the years since then, he has worked tirelessly to improve the process of shopping for insurance. His goal is to make sure that everyone who comes to Coach B. — whether they end up buying a policy or not — has the best possible experience.

Visit my Website

More Articles

Life Insurance For Diabetics

Life Insurance for Diabetics Are you a person with diabetes looking to purchase life insurance? Learn why securing coverage can be more affordable than you

Read More »

Comments