HE TOLD ME THAT HE PUTTING ON A PLICY BUT WE NEVER SPOKE ABOUT IT AGAIN
Total Comments: 1
Posted: Mon Jul 25, 2011 02:56 pm Post Subject:
If this was recent you can check the Medical Information Bureau (MIB) this is a repository of medical information used by Life Insurance companies and it records applications and underwriting decisions.
The success rate isn't extremely high, and there is a charge for this service.
Outside of that. Look for mail coming in from an insurance company. Usually they only send notices once a year, unless he purchased variable universal or variable whole life (this would be kind of rare) at which point he would receive policy statements once a quarter.
You might also want to check bank statements. If he was paying premiums monthly, you'd see the draft to the insurance company.
If there is a policy and there's a bit of a delay between death and you actually locating the company/policy don't worry. All you need is to prove when he died, and that he died while the policy was inforce (easy to do with the death certificate) and the insurance company will pay the death benefit with any accrued interest and also refund any premiums that might have been auto drafted and shouldn't have been (e.g. because they were drafted after death occurred).
Posted: Mon Jul 25, 2011 02:56 pm Post Subject:
If this was recent you can check the Medical Information Bureau (MIB) this is a repository of medical information used by Life Insurance companies and it records applications and underwriting decisions.
The success rate isn't extremely high, and there is a charge for this service.
Outside of that. Look for mail coming in from an insurance company. Usually they only send notices once a year, unless he purchased variable universal or variable whole life (this would be kind of rare) at which point he would receive policy statements once a quarter.
You might also want to check bank statements. If he was paying premiums monthly, you'd see the draft to the insurance company.
If there is a policy and there's a bit of a delay between death and you actually locating the company/policy don't worry. All you need is to prove when he died, and that he died while the policy was inforce (easy to do with the death certificate) and the insurance company will pay the death benefit with any accrued interest and also refund any premiums that might have been auto drafted and shouldn't have been (e.g. because they were drafted after death occurred).
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