Life Insurance

by Guest » Wed May 05, 2010 03:32 am
Guest

If a relative knows of a life insurance policy left for another member of the family and has the paperwork, are they required to inform that person that there is an existance of a life insurance policy and they are the beneficiary? What if this is hidden from someone because of jealousy?

Total Comments: 3

Posted: Thu May 06, 2010 02:36 am Post Subject:

There is no requirement to tell someone that a life insurance policy exists.

If you believe that there was a life insurance policy on someone who has passed's life, and you believe you are the beneficiary you first must determine where you belive the policy to be/what type of policy it could be.

If group life insurance (offered through an employer) you can contact the HR department of the person's former employer.

If individual insurance, it's a tad tougher. You can use the MIB, to try and look up possible policies. If you have a hunch as to what company it could be, you can contact the company, if you supply the company with a social security number, and you are the beneficiary, they'll talk to you if there is a policy in force, or was in force when the person died.

Posted: Sat Jun 12, 2010 08:15 pm Post Subject:

Sorry, I know of no laws either.

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