subject: The Purpose Of A Life Insurance Search [print this page] . However in order to do a life insurance search, you are able to locate which firm had given the coverage or identify the agent or broker who may have serviced or sold the policy.
Some tips to search for a life insurance policy
Searching for a life insurance protection plan can be done in virtually any storage location like bank files or safety deposits. Read through the address book in order to identify any names for a company or agent. In case you are able to speak to anyone who sold any other type insurance coverage to the dead person, it is possible to learn out about the policy for the life insurance just the same.
You could get in touch with the former employer who might have records for group policies. A check book could also have some form information in terms payment made to the insurance company. At times, there are also notices sent by insurance providers for premiums and dividends, so you can look for these as well.
In addition, you could contact the applicable state insurance sectors. The Life Insurance Company Location System can help you to find employees of state insurance division and they could possibly recognize the companies which may have worked on the life insurance for the deceased.
It's also possible to seek advice from unclaimed property offices. In the event that a company is knowledgeable about the death of the insured individual but is not able to find the named beneficiary, the benefits must be turned over to the state in which the policy was purchased. As a result, you could search for any kind of unclaimed money at the state comptroller's division.
A life insurance search can also be done by contacting a private service which specializes in finding misplaced or lost life insurance files. There are numerous companies nowadays who will charge a fee and will work on your account to get in touch with the insurance firms in order to identify the provider that handled the policy for the dead person. It's also possible to pay approximately seventy-five dollars to get information on every one of the applications for single life insurance coverage handled within the last twelve years.
You need to definitely understand that this particular sum is for individual search and that it might not be productive. On an average, there exists only one match for every four attempts.
Looking through the missing life insurance coverage is difficult nevertheless there are quite a number of ways to go about it. Before you decide to throw in the towel, browse through all of them one at a time and you could be successful. Insurance providers are prepared to supply the named beneficiary what is rightfully theirs; however heirs will need to take the responsibility of doing the life insurance search as well as making a claim for the benefits.
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