Life Insurance Policies Of Deceased

Life Insurance Policies Of Deceased

There are a variety of ways to locate life insurance policies of deceased relatives. The unfortunate fact is that there is no main office where all unclaimed policies are filed. Beneficiaries who do not come forward upon the death of the policy holder are usually not tracked down by the company. There may be a minimal effort to locate the beneficiary but if information has changed since the creation of the policy the beneficiary may not be found due to a new address or phone number for example. Therefore if you believe you are entitled to life insurance benefits you will need to do some research.

While there are plenty of online companies who offer lost money finding services, you should do some low-tech research first. One way to discover whether or not a relative had a policy is to look through their bank records. If checks were written to cover the cost of premiums the insurance company, and perhaps even the policy account number, should be clearly stated on the check. Going through credit card statements is a good idea also because some people do use credit or debit cards to pay their premiums.
Also, contact previous employers of your deceased relative and check to see if they had group coverage. Probate court records may also reveal whether or not a policy was held and if so, with what company. If your deceased relative had auto insurance or other types of insurance with a particular company, check to see if that company also covered their life insurance needs. You may even want to do some investigating within your family and ask other relatives if they know whether or not the deceased in question had a life insurance policy and if so, with what insurance company.
It is important to understand that if the beneficiary or beneficiaries do not claim the life insurance benefits upon the death of their relative, and cannot be located by the insurer, the money will go to the state. This is done within approximately three years. This does not mean that you cannot collect the money from life insurance policies of deceased relatives due to you after three years, it just means that the funds are no longer held by the insurance company and you need to go through the state to claim your funds.

Life Insurance News:

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First Person: What to Know About Borrowing Against a Whole Life Insurance Policy *Note: This was written by a Yahoo! contributor. Do you have a personal finance story that you'd like to share? Sign up with the Yahoo! Contributor Network to start publishing your own finance articles. ...

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Nippon Life Insurance cuts its stake in Olympus - Taipei Times Globe and Mail Nippon Life Insurance cuts its stake in Olympus Taipei Times One of Olympus Corp's top shareholders, Nippon Life Insurance, cut its stake in the scandal-hit Japanese firm, but yesterday signaled it would remain as an investor in the company, citing its strong core business and technology. . Nippon Life sells a third of its Olympus stakeFinancial Times Top shareholder insurer reduces stake in scandal-tainted OlympusWashington Post Japan insurer reduces scandal-ridden Olmpus stakeBoston.com BusinessWeek all 506 news articles » ..

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Smokeout: How much life insurance your cigarette money could buy If counseling, known health risks or being hassled by your family isn't enough to get you to stop smoking during the Great American Smokeout Nov. 17, then consider the high price of cigarettes and how quitting smoking can affect your life insurance quotes...

Guardian Life Announces $795 Million Dividend to Policyholders in 2012 - MarketWatch (press release) Guardian Life Announces $795 Million Dividend to Policyholders in 2012 MarketWatch (press release) NEW YORK, Nov 17, 2011 (BUSINESS WIRE) -- The Guardian Life Insurance Company of America (Guardian), one of the nation's oldest and largest mutual life insurers, today announced that its Board of Directors has approved payment of $795 million in . Strong Sales Continue for New York Life Through the Third Quarter of 2011Business Wire (press release) all 8 news articles » ..

First Person: Life Insurance and Disability for Small Business Owners *Note: This was written by a Yahoo! contributor. Do you have a small business story that you'd like to share? Sign up with the Yahoo! Contributor Network to start publishing your own finance articles. ...

San Francisco Bay Area Insurance Agency of MassMutual Financial Group Opens New Palo Alto Office to Continue Focus on . WALNUT CREEK, CA-- - The San Francisco Bay Area Insurance Agency LLC, a Massachusetts Mutual Life Insurance Company General Agency, is opening a new Palo Alto office to continue and expand its focus on ...

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VA Life Insurance Program Rated Highest in Customer Satisfaction - MarketWatch (press release) VA Life Insurance Program Rated Highest in Customer Satisfaction MarketWatch (press release) WASHINGTON, Nov 16, 2011 (BUSINESS WIRE) -- The Department of Veterans Affairs' Life Insurance Program has once again validated, through a renowned independent survey, that Veterans and their beneficiaries are very highly satisfied with the service . and more » ..

Liberty Life Selects iPipeline to Automate Marketing, Selling and Processing . - MarketWatch (press release) Liberty Life Selects iPipeline to Automate Marketing, Selling and Processing . MarketWatch (press release) Headquartered in Greenville, SC, Liberty Life Insurance Co. provides retirement income solutions that help Americans prepare for the future. For over a century, Liberty Life has earned the trust of its policyholders through financial stability, . and more » ..

First Person: Why We Have Term Life Insurance *Note: This was written by a Yahoo! contributor. Do you have a personal finance story that you'd like to share? Sign up with the Yahoo! Contributor Network to start publishing your own finance articles. ...

Smokeout: How much life insurance your cigarette money could buy - Fox Business Los Angeles Times Smokeout: How much life insurance your cigarette money could buy Fox Business 17, then consider the high price of cigarettes and how quitting smoking can affect your life insurance quotes. A smoker in New York, the state with the highest average retail price for a pack of cigarettes at $9.11 when all of the taxes are added, . Putting out fire for good on use of cigarettesThe Times and Democrat all 530 news articles » ..

10 Commonly Overlooked Features of Life Insurance Policies COLUMBIA, S.C., Nov. 17, 2011 /PRNewswire/ -- Purchasing life insurance is one of the most important financial decisions consumers make. Yet they often know very little about the features of their plans, so they fail to take advantage of them.   Here are 10 of the most commonly...

Govt's three-way strategy to boost collection The finance ministry has prescribed a three-pronged strategy to arrest the slide in premium growth in the life insurance sector...

Deloitte Life Insurance Producer Survey: Carrier Support Key to Loyalty and . - Sacramento Bee Deloitte Life Insurance Producer Survey: Carrier Support Key to Loyalty and . Sacramento Bee "Producers are the gatekeepers of the life insurance and annuities industry," said Rebecca Amoroso, vice chairman, Deloitte LLP and insurance leader. "It is essential carriers leverage this channel to spur growth in a mature industry. . and more » ..

10 Commonly Overlooked Features of Life Insurance Policies - Sacramento Bee 10 Commonly Overlooked Features of Life Insurance Policies Sacramento Bee By Colonial Life COLUMBIA, SC, Nov. 17, 2011 -- /PRNewswire/ -- Purchasing life insurance is one of the most important financial decisions consumers make. Yet they often know very little about the features of their plans, so they fail to take advantage . 10 Commonly Overlooked Features of Life Insurance PoliciesMarketWatch (press release) all 6 news articles » ..