I do what desire cause this is my life 8 60



It happens all the moment: A relative passes away also nobody seems to know whether he had life insurance. If you've already grilled family members, read the will and checked the safe-deposit boxes, and you but haven't found any policy paperwork, you'll need to take other steps. This probably will be any free time-consuming process, but it remains easier if you are the beneficiary regarding the scheme.

Difficulty: Moderate

Directions

1 Ask the relative's accountant or financial planner. One of these need to know roughly any insurance policies. Also, speak to the person's employer to unearth outside if he had group life insurance. If you are the decedent's next of kin or the executor of the will, you can contact it immediately. If you are never, you'll need to contact the accountant, banking organization or financial planner by means of the executor or genuine next regarding family.

2 Contact the insurance corporations with whom the decedent had other types of insurance, these kinds of since car, property or medical. The relative might have purchased life insurance from one of these companies. You can also try out the decedent's bank. Many banks right now give life insurance policies by way of any affiliate organization. You don't need to be the subsequent of kin or executor to make contact with the insurance companies, but you must be the scheme beneficiary.

3 Appear for a paper trail to get premium payments. Look through canceled verify or the insured person's checking plus savings consideration registers or declarations for payments to insurance companies. Moreover check old credit card statements.

4 Request a records search through MIB Group's Policy Locator Service. If the insured individual purchased the policy within the last 12 years, MIB Team must own records showing the insurance application. Here is a fee for the records seek. Go to MIB's policy locator page: web site.

5 Check your state's unclaimed property database, if the death occurred more than one year ago. In most cases, an insurance corporation will turn the death benefit funds over to the state seeing that unclaimed property when the insurer knows that the insured person has died but cannot position the beneficiary.

Tips & Warnings

Remember that is insurance companies usually obtain no way of knowing when some policyholder has passed away, so you need to inform the insurer and deliver some licensed death certificate after the insured person dies. After you've located the policy, find out if the policy was a phrase or whole life insurance policy. If it was a term life insurance policy, examine to observe if the insured person died before the term ended. The beneficiary won't obtain the dying advantage if the insured person passed away after the term finished.

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