Lost Life Insurance Policy Dilemma
One of the biggest troubles faced by an individual is misplacing or complaining of lost life insurance policy. This becomes more troublesome, when a family member dies, and no record is kept of the life insurance, which becomes more difficult to comprehend.
There are many agencies and services, which offer solutions to help and locate the lost insurance life policy, but before you go down this route, you have to know some of the basic details to recover the it. The first thing is to find out if the deceased family member had any life insurance.
It would be easier to locate the lost life insurance policy if we know which company had issued the life policy, was this sold via a broker, or the insurance might have been done through his employer, or any other group.
Tips to locate lost policy
One of the simplest ways to start searching is to explore the bank deposits, files, and other confidential documents to see if you can find any information with respect to the lost life insurance policy. The other way is to look at the address book, and see if any insurance company or broker is listed in the same.
The other way is to scrutinize the bank statements, to see if the premium has been paid via checks or any other means to identify the lost life insurance policy. The bank records are usually the best source to identify different kinds of transactions.
Monitor the mails for a period of one year to see if you can locate any premium reminders or any other correspondence, which can lead to providing any further information on the lost life insurance policy.
Check with the previous employers or colleagues who can share information that can help locate the lost life insurance policy.
Since life insurance premium provides rebates on income tax, check the previous filing of income tax, which could help to provide any input on the lost life insurance policy.
Reporting lost life insurance policy
There are agencies like the National Association of Insurance Commissioners (NAIC), provides serviced to locate the lost life insurance policy, through its network, which is accessible at there website.
Also, there are state controlled offices, which keep record of unclaimed money on lost life insurance policy, which can also help to track any such related claims.
A database is maintained at MIB, who keeps track of all individual application for life insurance for past 12 years. There is a nominal fee of $75 per search, to help you locate your lost life insurance policy. But it is important to realize that this amount charged is for single search and not all the searches are successful.
One of the biggest troubles faced by an individual is misplacing or complaining of lost life insurance policy. This becomes more troublesome, when a family member dies, and no record is kept of the life insurance, which becomes more difficult to comprehend.
There are many agencies and services, which offer solutions to help and locate the lost insurance life policy, but before you go down this route, you have to know some of the basic details to recover the it. The first thing is to find out if the deceased family member had any life insurance.
It would be easier to locate the lost life insurance policy if we know which company had issued the life policy, was this sold via a broker, or the insurance might have been done through his employer, or any other group.
Tips to locate lost policy
One of the simplest ways to start searching is to explore the bank deposits, files, and other confidential documents to see if you can find any information with respect to the lost life insurance policy. The other way is to look at the address book, and see if any insurance company or broker is listed in the same.
The other way is to scrutinize the bank statements, to see if the premium has been paid via checks or any other means to identify the lost life insurance policy. The bank records are usually the best source to identify different kinds of transactions.
Monitor the mails for a period of one year to see if you can locate any premium reminders or any other correspondence, which can lead to providing any further information on the lost life insurance policy.
Check with the previous employers or colleagues who can share information that can help locate the lost life insurance policy.
Since life insurance premium provides rebates on income tax, check the previous filing of income tax, which could help to provide any input on the lost life insurance policy.
Reporting lost life insurance policy
There are agencies like the National Association of Insurance Commissioners (NAIC), provides serviced to locate the lost life insurance policy, through its network, which is accessible at there website.
Also, there are state controlled offices, which keep record of unclaimed money on lost life insurance policy, which can also help to track any such related claims.
A database is maintained at MIB, who keeps track of all individual application for life insurance for past 12 years. There is a nominal fee of $75 per search, to help you locate your lost life insurance policy. But it is important to realize that this amount charged is for single search and not all the searches are successful.
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