need to find insurance co. i am beneficiary to from my grandmother delores hall tolbert fountain
Total Comments: 12
Posted: Mon Apr 13, 2009 04:13 am Post Subject:
Is granny still alive? You may ask her to recall the name of the insurance company she has the policy with. You might check with the close relatives and family as well for the information. How about asking your parents?
If you know the name of the insurance company, you should look-up with the state insurance department.
~Jeremy
Posted: Mon Apr 13, 2009 04:25 am Post Subject:
The insurance companies are required to register with State Insurance Department before they can start writing business in the state. The same applies when an insurance company changes its name or goes out of business. Therefore, if you learn the name of the insurance company with which your grandmother had the policy with, you can search for their whereabouts with the state list of insurer.
You haven’t told us whether you have the policy document or not. If not then you may need to procure it first. Without the name of the insurance company, the details of the insurance policy or any specific information, it’d be a wild goose chase.
Posted: Thu Apr 16, 2009 09:02 am Post Subject:
Hi, are you willing to pay $75 for this?
If you're...then you may consult with the MIB (medical information bureau). They have this 'policy locator' service. Steven
Posted: Fri Apr 17, 2009 10:42 pm Post Subject:
You might want to check with FindYourPolicy.com, their database is growing and more people are recognizing that a central database is needed to register life insurance.
Michael
Posted: Mon Apr 20, 2009 05:37 pm Post Subject:
Aren't you Findyourpolicy?
Why do your refer to yourself in the third person?
hmm
Posted: Tue Apr 21, 2009 06:45 am Post Subject:
Hi Micheal, I am curious to know how your company works. I remember reading in an old thread that people are required to register with the site to upload their information in it. Do you also collect information by yourself on policy holders long deceased but whose policies have remained unclaimed?
Posted: Thu Apr 23, 2009 01:37 am Post Subject:
Hello Jeorge,
FindYourPolicy was started because there is no central database that you can go to for help. I had a call today from a gentleman that had taken a policy out 30 years ago and he lost it. His wife and him moved 20 years ago and they lost all the paperwork. He called us to ask if we could help locate it. I unfortunatley could do nothing for him. The MIB only goes back 7 years so that would not have worked either. I informed him to speak to friends that might have taken out at the same time he did and he said that he did this on his own. It is a paid up policy.
To answer your question, there really is no way of collecting information on policy holders that are deceased and have unclaimed policies. It would be the responsibility of the insurance company to look for those people. However, unless someone tells them that the insured is deceased, they will not chase the beneficiary down.
To prevent something like this, you would (as a living person) register the company name only on our database. This way it will never get lost, stolen or missplaced. We only ask that you register the company name and nothing else. All a beneficiary needs is a company name and your Social Security number (found on a death certificate) to claim a life insurance policy. We are starting the central database to help everyone with life insurance keep track of it.
Michael
Posted: Thu Apr 23, 2009 02:00 am Post Subject:
Michael,
I applaud your efforts for your constant stealth advertising for your business. I have a few questions for you.
1) The person in your last post...how could your service be of help to him? He doesn't have any information, most likely, because the policy lapsed a long time ago. If he was paying a premium, he would be getting bills and would know about the policy.
2) Your service costs $25 a year. What are the chances that if I die 40 years from now, your company will still exist? Heck, what are the chances that you'll exist 5 years from now?
3)What happens when I join and then I die? Come the following year, I won't pay to renew my membership. The year after that my grandson will be thinking, "Hey, grandpa had a life insurance company with Something Something Life. I can't remember the name of the company. Let me check with FindYourPolicy". Of course, when he checks, he won't be able to find the information because Dead Grandpa stopped paying $25/year once he died.
Aren't there better solutions than paying $25/year? For instance, how about leaving a note in one's will that says, "I have life insurance with the following companies..." or every year when the premium is paid, send a note to the beneficiaries letting them know that they are the beneficiaries, or leaving a note with one's important papers, or....
Unless I'm missing something, it seems like a wasted $25 dollars.
Posted: Thu Apr 23, 2009 12:22 pm Post Subject:
Hello Insurance Expert, Great Questions,
1.Our service, if we were around 30 years ago and he signed up would be of great help to him. Now he could just go on our website and plug in his last four digits of his social security number and his birth date and find out what life insurance company has his life insurance. Also he told me that it was a policy that was paid up so he did not get any notices. He continued to inform me that when he moved he lost it. So the new address was never listed on the policy so any notices were going to the wrong address.(this happens very often to people and this is one major reason people loose track)
2.This question has be posted to me before. Do you think Google thinks of the future when they start a company. Of course they do. Our company has board members that are attorneys and all our records are kept for years to come. When I pass it will mean nothing to the structure of our company. It will continue to move forward.
3.When a member passes away, their information will be on our service for free viewing up to one year. After that they must call the 888 number and we will assist them for a fee. This will prevent any individual from signing up, registering for one year and cancelling.
4. You Quoted "Aren't there better solutions than paying $25/year? For instance, how about leaving a note in one's will that says, "I have life insurance with the following companies..." or every year when the premium is paid, send a note to the beneficiaries letting them know that they are the beneficiaries, or leaving a note with one's important papers, or...."
This is a loaded question...First it is unofficially said that over 25% of life policies go unclaimed due to the beneficiary not knowing they are the beneficiary so they do not look or the beneficiary knows that they are the beneficiary but they do not know the company name. Even the MIB says "Billions" of dollars can be claimed from life insurance companies. If it was as simple as keeping a note to inform your beneficiaries, why doesn't everyone do it, Why are there so many people on this blog asking AMPMInurance to find a life insurance policy for them because they lost track. I can give you tonnes of examples of educated people that felt they know everything about their spouses and family that cannot find their policies. It happens and gets recognized when it is too late. Think about someone who lives in the United STates and has family is Brazil for example. How would the family in Brazil even know where to look unless the insured constantly reminds them.....which unfortunately does not happen. Everywhere you go, even the government agencies that I have spoken with say there should be a central database to locate life insurance. At 2 dollars a month it is a great security to make sure that your hard work will be found. I spoke to a CEO of a company and told her about our service. She also did not feel it necessary to have our service. I asked her if she is 100% sure that her beneficiary would find it and she responded that it was her husband and of course he would. I said, great, however, who would know if both of you passed away in a car accident. She told me that her sister would know. I passed her my cell phone and we called her sister. Her sister had no idea that she had 2 life policies, 2 annuities and a safe deposit box and that she was the contingent beneficiary. Remember the life company only pays out when they know someone has passed away. And the deliquent payment notices would never reach her becasue she is another one that did not update her address on her policy when she moved. Since her only sister did not know anything, she would never have looked or found it. It happens all the time and a simple 24.95 a year (2 dollars a month) prevents all that.
Yes, I am not saying that our service is for everyone. However, if you get a legacy locator calling you and telling you that they found a life policy on your brother for 1 million dollars but require you to pay them 20% to get it, our 24.95 a year seems miniscule....
I hope that I have given you a little bit more insight into our service. Thanks for the questions.
Michael
Posted: Thu Apr 23, 2009 12:56 pm Post Subject:
Hello Insurance Expert,
I just wanted to ad a comment to your question number 2.
2) Your service costs $25 a year. What are the chances that if I die 40 years from now, your company will still exist? Heck, what are the chances that you'll exist 5 years from now?
If this question was asked to some large life insurance companies a while back they would have said they have an A+ rating but think about it. Are they around now? No one can predict the future however, we are prepared for it.
Also, the $25 dollars a year is for that year. We are insurance on insurance. Just like the insurance company if it were to close, you were protected for those years that you paid your premiums. That is what the $25 dollars is for. Admin costs and keeping your beneficiaries informed with our Financial Focus e newletter on regular basis.
Posted: Mon Apr 13, 2009 04:13 am Post Subject:
Is granny still alive? You may ask her to recall the name of the insurance company she has the policy with. You might check with the close relatives and family as well for the information. How about asking your parents?
If you know the name of the insurance company, you should look-up with the state insurance department.
~Jeremy
Posted: Mon Apr 13, 2009 04:25 am Post Subject:
The insurance companies are required to register with State Insurance Department before they can start writing business in the state. The same applies when an insurance company changes its name or goes out of business. Therefore, if you learn the name of the insurance company with which your grandmother had the policy with, you can search for their whereabouts with the state list of insurer.
You haven’t told us whether you have the policy document or not. If not then you may need to procure it first. Without the name of the insurance company, the details of the insurance policy or any specific information, it’d be a wild goose chase.
Posted: Thu Apr 16, 2009 09:02 am Post Subject:
Hi, are you willing to pay $75 for this?
If you're...then you may consult with the MIB (medical information bureau). They have this 'policy locator' service. Steven
Posted: Fri Apr 17, 2009 10:42 pm Post Subject:
You might want to check with FindYourPolicy.com, their database is growing and more people are recognizing that a central database is needed to register life insurance.
Michael
Posted: Mon Apr 20, 2009 05:37 pm Post Subject:
Aren't you Findyourpolicy?
Why do your refer to yourself in the third person?
hmm
Posted: Tue Apr 21, 2009 06:45 am Post Subject:
Hi Micheal, I am curious to know how your company works. I remember reading in an old thread that people are required to register with the site to upload their information in it. Do you also collect information by yourself on policy holders long deceased but whose policies have remained unclaimed?
Posted: Thu Apr 23, 2009 01:37 am Post Subject:
Hello Jeorge,
FindYourPolicy was started because there is no central database that you can go to for help. I had a call today from a gentleman that had taken a policy out 30 years ago and he lost it. His wife and him moved 20 years ago and they lost all the paperwork. He called us to ask if we could help locate it. I unfortunatley could do nothing for him. The MIB only goes back 7 years so that would not have worked either. I informed him to speak to friends that might have taken out at the same time he did and he said that he did this on his own. It is a paid up policy.
To answer your question, there really is no way of collecting information on policy holders that are deceased and have unclaimed policies. It would be the responsibility of the insurance company to look for those people. However, unless someone tells them that the insured is deceased, they will not chase the beneficiary down.
To prevent something like this, you would (as a living person) register the company name only on our database. This way it will never get lost, stolen or missplaced. We only ask that you register the company name and nothing else. All a beneficiary needs is a company name and your Social Security number (found on a death certificate) to claim a life insurance policy. We are starting the central database to help everyone with life insurance keep track of it.
Michael
Posted: Thu Apr 23, 2009 02:00 am Post Subject:
Michael,
I applaud your efforts for your constant stealth advertising for your business. I have a few questions for you.
1) The person in your last post...how could your service be of help to him? He doesn't have any information, most likely, because the policy lapsed a long time ago. If he was paying a premium, he would be getting bills and would know about the policy.
2) Your service costs $25 a year. What are the chances that if I die 40 years from now, your company will still exist? Heck, what are the chances that you'll exist 5 years from now?
3)What happens when I join and then I die? Come the following year, I won't pay to renew my membership. The year after that my grandson will be thinking, "Hey, grandpa had a life insurance company with Something Something Life. I can't remember the name of the company. Let me check with FindYourPolicy". Of course, when he checks, he won't be able to find the information because Dead Grandpa stopped paying $25/year once he died.
Aren't there better solutions than paying $25/year? For instance, how about leaving a note in one's will that says, "I have life insurance with the following companies..." or every year when the premium is paid, send a note to the beneficiaries letting them know that they are the beneficiaries, or leaving a note with one's important papers, or....
Unless I'm missing something, it seems like a wasted $25 dollars.
Posted: Thu Apr 23, 2009 12:22 pm Post Subject:
Hello Insurance Expert, Great Questions,
1.Our service, if we were around 30 years ago and he signed up would be of great help to him. Now he could just go on our website and plug in his last four digits of his social security number and his birth date and find out what life insurance company has his life insurance. Also he told me that it was a policy that was paid up so he did not get any notices. He continued to inform me that when he moved he lost it. So the new address was never listed on the policy so any notices were going to the wrong address.(this happens very often to people and this is one major reason people loose track)
2.This question has be posted to me before. Do you think Google thinks of the future when they start a company. Of course they do. Our company has board members that are attorneys and all our records are kept for years to come. When I pass it will mean nothing to the structure of our company. It will continue to move forward.
3.When a member passes away, their information will be on our service for free viewing up to one year. After that they must call the 888 number and we will assist them for a fee. This will prevent any individual from signing up, registering for one year and cancelling.
4. You Quoted "Aren't there better solutions than paying $25/year? For instance, how about leaving a note in one's will that says, "I have life insurance with the following companies..." or every year when the premium is paid, send a note to the beneficiaries letting them know that they are the beneficiaries, or leaving a note with one's important papers, or...."
This is a loaded question...First it is unofficially said that over 25% of life policies go unclaimed due to the beneficiary not knowing they are the beneficiary so they do not look or the beneficiary knows that they are the beneficiary but they do not know the company name. Even the MIB says "Billions" of dollars can be claimed from life insurance companies. If it was as simple as keeping a note to inform your beneficiaries, why doesn't everyone do it, Why are there so many people on this blog asking AMPMInurance to find a life insurance policy for them because they lost track. I can give you tonnes of examples of educated people that felt they know everything about their spouses and family that cannot find their policies. It happens and gets recognized when it is too late. Think about someone who lives in the United STates and has family is Brazil for example. How would the family in Brazil even know where to look unless the insured constantly reminds them.....which unfortunately does not happen. Everywhere you go, even the government agencies that I have spoken with say there should be a central database to locate life insurance. At 2 dollars a month it is a great security to make sure that your hard work will be found. I spoke to a CEO of a company and told her about our service. She also did not feel it necessary to have our service. I asked her if she is 100% sure that her beneficiary would find it and she responded that it was her husband and of course he would. I said, great, however, who would know if both of you passed away in a car accident. She told me that her sister would know. I passed her my cell phone and we called her sister. Her sister had no idea that she had 2 life policies, 2 annuities and a safe deposit box and that she was the contingent beneficiary. Remember the life company only pays out when they know someone has passed away. And the deliquent payment notices would never reach her becasue she is another one that did not update her address on her policy when she moved. Since her only sister did not know anything, she would never have looked or found it. It happens all the time and a simple 24.95 a year (2 dollars a month) prevents all that.
Yes, I am not saying that our service is for everyone. However, if you get a legacy locator calling you and telling you that they found a life policy on your brother for 1 million dollars but require you to pay them 20% to get it, our 24.95 a year seems miniscule....
I hope that I have given you a little bit more insight into our service. Thanks for the questions.
Michael
Posted: Thu Apr 23, 2009 12:56 pm Post Subject:
Hello Insurance Expert,
I just wanted to ad a comment to your question number 2.
2) Your service costs $25 a year. What are the chances that if I die 40 years from now, your company will still exist? Heck, what are the chances that you'll exist 5 years from now?
If this question was asked to some large life insurance companies a while back they would have said they have an A+ rating but think about it. Are they around now? No one can predict the future however, we are prepared for it.
Also, the $25 dollars a year is for that year. We are insurance on insurance. Just like the insurance company if it were to close, you were protected for those years that you paid your premiums. That is what the $25 dollars is for. Admin costs and keeping your beneficiaries informed with our Financial Focus e newletter on regular basis.
Michael
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