How to find out with which company someone who passed away had an insurance policy?

  • by cliftonphotographer
  • Oct 25,2017
  • 10 answers

My father had an insurance policy when he passed away. After he passed away we could not find the paperwork. We don't know the company that has this policy. We checked on the website "found money"
We have not found it to come up yet and it's been several years. How can we figure out what bank insurance policy with?
We're not doing well after he passed and need this!
Thank anyone for any little help!!


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Insurance Answers (10)

curtisports2 3 weeks ago

Unless it was a fully paid-for policy, premium notices would have kept coming in the mail, at least once a year. If none ever came, then he was not paying for insurance. That means he either had surrendered the policy at some point in the past, and there is no insurance, or he had a paid-up policy. I doubt that there was a paid-up policy, because these policies do pay dividends, and those dividends are reported to the owner on a 1099 every year. Those would have been mailed to the last address they had for him.
I see the word 'bank' in there. Did he have insurance through a bank? Many banks will give customers a small policy for accidental death. That's not the same thing as life insurance. Go to every bank where he had accounts and ask if they provide such insurance to accountholders. It isn't much, like $1,000. If they do, then tell them about your father and see if they will pay.

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Mike 3 weeks ago

go through your fathers CHECKBOOK and see what company he was paying PREMIUMS to---that will tell you what company he had a policy with. Those could be annual, quarterly or monthly payments.

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mbrcatz 3 weeks ago

If you're asking, is there a database where you can plug their name in, the answer is no.
70% of Americans die without active life insurance in force, so the easiest place to start, is with whatever it is that makes you think they even HAVE life insurance.
The second easiest, is to go through the banking records. If they had insurance, they'd be paying for it, at least once a year, but usually once a month. You should see a cancelled check. If you're executor/administrator of the estate, you can get copies of all their cancelled checks for the past year, from their bank, and go through them. Be sure to check the safety deposit box at their bank, too.
Obviously, you need to check through their valuable papers at their home.
If they were employed at the time of death, call the HR department at their employer's, to see if there was any group life insurance.
If you suspect they had a prepaid policy, just change the mailing address to yours - if they DID have a paid up policy, once a year they'd be receiving a statement from the insurance company.
Again, if you're executor of the estate, you can pay $75 to
http://www.mib.com/html/lost-life-insura...
and they will tell you if any applications have been received on their lives, in the past 13 years. It only goes back 13 years, and you'll need to send them proof that you are administrator or executor of the estate.
Don't be worried about someone else "intercepting" your life insurance money. If you are the beneficiary of the policy, the insurance money gets mailed directly to you.
If you're not administrator or executor of the estate, AND a check doesn't show up to your mail one day, then legally you don't have access to the information - it's protected by the privacy laws. But you can always ASK the administrator/executor if there is life insurance, and who the beneficiary is.
Life insurance tends to run in families. Do you have life insurance? Your sibs? Your parents? Most people TELL family members, if there is life insurance. If none of the surviving family members have any life insurance, odds are, the deceased doesn't, either. That's your PERSONAL reminder. Go buy life insurance, and tell at least two different family members that you have it, and where you keep your valuable papers.

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lucy 3 weeks ago

The sad fact is that is quite possible that when your dad passed, there was (no) life insurance policy.
If he had had a term policy of 20 or 30 years, and once the term was over and if he did not renew for another 10 or 20 years, then it would be expired. Or, depending on his health, when over, may not been able to find another company to insure with. .
If he had a whole life or paid off policy, then he could have gotten some small dividends paid to him over the years.
He could have had life insurance through his employer, (but) many times when you retire or quit, then the life insurance is cancelled with the employer, unless he would then pay the premiums himself to keep it active.
Found or lost money won’t be there, since (until) someone files a claim for life insurance benefits, then the insurance has no clue that you died. Now (if) for instance that a “small” dividend check was mailed to your father, then it might list that small dividend check that was never cashed on lost money. Put simply on lost money, all you will find is when checks mailed to someone and did not cash them.
The key is, that you will need to do a paper trail of what your father paid (prior) to his death. If he had insurance, then he would have made either monthly/quarterly or semi annual or annual payments (each) year to this life insurance company. My guess if you can get his bank statements for 5 years before he died, then may find a insurance company payment he made, then can see if the policy was still (active) when he died.
https://www.mib.com/lost_life_insurance....
You can go to MIB, to see if he had applied to (any) life insurance policy, for a cost of $75, but that only applies to the last 15 years (?), and if he applied for instance 20 years ago, then won’t find it there.
But as the site states, also give suggestions on where to look to find if (any) policy that “may” have been there.

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H. Marie 3 weeks ago

you would look thru his records and see if there were any checks he paid to an insurance company, it is not likely that his policy was a paid up policy
you can contact every company that offers life insurance to see if he was one of theirs, even if a company went out of business other insurance companies picked up all the customers, this is policy within the industry
eventually the company themself will attempt to find the heirs of a policy that has gone dead

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Eva 3 weeks ago

Look through his checkbook register and banking records to find the premium payments. Insurance policies are usually not held by a bank. He may have bought it through them originally but it is administered through another company.
https://www.iii.org/article/how-can-i-lo...

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Casey Y 3 weeks ago

If in the USA, you can check with the MIB, but if the policy was old, they might not have a record of it.
You need to see who he was paying premium and then contact them. Most people pay life insurance premiums through check or automatic withdrawal, so there should be a record.

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A Hunch 3 weeks ago

are you sure that your father had an insurance policy?
He would have had to pay a bill in the last 12 months to keep the policy active. If he doesn't have any payments, the he probably didn't have an insurance policy at the time of his death
The exception:
- it's an annuity so there isn't a traditional bill
- it's through a former employer

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StephenWeinstein 3 weeks ago

You probably can't.
Some of the things that you can TRY, with a very low chance of success, include:
a) Pay money to MIB for a list of the insurance companies to which he applied for insurance.
b) Ask his car insurance agent, health insurance agent, etc., whether they know
c) Ask his state's department of insurance for help
d) Contact random insurance companies and hope you get lucky
e) Ask his past employers whether he had insurance through work and which insurance company they used.
However, the real answer is that it might be too late. This is something that you really need to do while the person is still alive. If you don't yet have the information when the person dies, it's often too late.

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babyboomer1001 3 weeks ago

"Found money" does not come from unclaimed insurance company policies. It would be presumed that if one has not been claimed, that the person is still alive. There is no way to find it. Figure that he let the policy lapse, which could easily have been done if money was tight. If there was a policy, it would bed somewhere in the house, unless he has it in a lock box at a bank. Check with the banks where he had accounts.

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