Welcome to the Community :D I'm kind of confused- you said if your parents die- then you said your dad passed away.
Does this mean your mother is alive? IF so, why not ask her. As we get older and our parents do to, it's always wise to sit down with them and discuss these issues with them, before it gets to a point they don't remember, or are gone.
Good Luck to you..KAren
Posted: Sun Sep 23, 2007 10:15 am Post Subject:
If, (for whatever reason), your mother is living, but cannot supply the information, and you have exausted all other family members, searched thru your Dad's 'papers'. I'd start with calling whomever is/was his agent re:auto or homeowners policies, see if they have any information. If your father took care with his 'important papers' and you have located other things (ie, taxes, ss, health related things etc). I would bet he didn't have any, as would assume they would be together.
There was another post similar in nature, about not being able to find a beneficiary, you might look at that as well.
Also agree with Karen, honey, which is it?
if my parents die how do i find out if they have life insura
father passed away not sure if he has life insurance
If they are living, NOW is the time to find out about these things !!!
Posted: Sun Sep 23, 2007 01:52 pm Post Subject:
As we get older and our parents do to, it's always wise to sit down with them and discuss these issues with them, before it gets to a point they don't remember, or are gone.
My parents are not that old yet but you know, I will have to do that some day. You never know what tommorow can bring :?
Posted: Wed May 14, 2008 03:43 pm Post Subject: finding their money after they passed
i believe there are life insurance policys and investments we dont know about,how do i find those
Posted: Wed May 14, 2008 07:16 pm Post Subject:
There is a service offered by a company called MIB Solutions. Costs $75.00 but if you really need to find out fast it may be worth it. Check them out at:
http://www.mib.com/html/lost-life-insurance.html
Or do it the old fashioned labor-intensive way and follow these tips:
Check your loved one's papers and address and telephone books to look for life insurance policies and the names of insurance agents. Contact every insurance company with which they had a policy, even if you're not sure it is still in force.
Check with the employee benefits office at their latest and previous places of employment. Or, check with the union welfare office.
Check bank books and canceled checks for the last few years to see if any checks may have been written to pay life insurance premiums.
Check the mail for a year after death for premium notices, which usually are sent annually. If a policy has been paid up, there will not be any notice of premium payments due. However, the company may still send an annual notice regarding the status of the policy or it may pay or send notice of a dividend.
Review your loved one's income tax returns for the past two years. Look for interest income from and interest expenses paid to life insurance companies. Life insurance companies pay interest on accumulations on permanent policies and charge interest on policy loans.
Check with the state's unclaimed property office to see if any unclaimed money from life insurance policies may have been turned over to the state. If, after a number of years, an insurance company holding the unclaimed money cannot find the rightful owner, it turns the money over to the state.
Of course, you may wish to contact life insurance companies directly to see if a policy exists. Each state insurance department has a listing of life insurance companies licensed to do business in its state.
Best of luck to you.
Posted: Sun May 25, 2008 05:23 pm Post Subject: yes
You will definetely find some solution online for sure but it takes some time to verify and check. Its always better to know from parents before hand. cheers
Posted: Mon May 26, 2008 09:28 am Post Subject: insurance
My neighbor's mother recently passed away. According to the mother, she had a Life Insurance policy 'valued' at $15,000.00. She ( Mom) couldn't remember where her papers were, etc. However....she DID remember where she bought the policy from. When my neighbor 'checked it out', she DID find out about the Insurance company that held the policy. Sad to say, the Insurance policy was bought YEARS ago and the Insurance company is no longer in existence....to top it all off ( sad to say..) the policy was NOT $15,000.00. It was for $1500.00. Neighbor's mom had SOO many un-paid bills. I feel sorry for her.
Posted: Mon May 26, 2008 03:30 pm Post Subject: so sad
Its really sad to hear these kind of news. Let us hope everything settles soon and somehow she gets some help..
Posted: Thu Jun 05, 2008 04:43 pm Post Subject:
This is a tricky issue to tackle. The question here is, how will you know that your parents have life insurance policies after they died? Ask the insurance companies in your area. If your parents have a life insurance policy, it is more likely that they will purchase it in your locality.
Posted: Thu Jul 10, 2008 09:04 am Post Subject: Need help for friend. ASAP
My friend's Mother just died. She and her mother were not exactly close, but they were not estranged by any stretch of the imagination. the mother had been living with one of her other daughters for the past three years. There are a total of 3 children. All of the kids live in different states and though mom stayed with the one kid in Colorado, she still owned a condo in FLorida which she had been trying to sell for last couple of years. The condo is paid in full and her mother is current on all condo association fees. Here is the problem in a nutshell. My friend has zero knowledge of mothers finances. Does not know what she owned or what she owed at time of death. Is not even sure if there is a current will in effect anywhere. The daughter she was staying with is being completely uncooperative. Claimied she did not know if mother had a will or what her finances were. On the other hand, she let it slip that she knows her mom wanted to be cremated because it said so "in her will." At that point she went even further and said that not only was she the executor of the will, but everything was left to her.
How can my friend find out if there was a will? What is my friends next move? What information is she legally entitled to? She is the oldest surviving sibling. Knowing her mother, I find it impossible to believe that she died without a will and without life insurance. There is also the matter of some money that the mom had been left by her own father about 15 years ago and there should be something left from that as well, although the daughter she had been staying with may well have swindled her out of that. Body is due to be released by coronor in a couple of days.
Posted: Sat Sep 22, 2007 10:39 pm Post Subject:
Welcome to the Community :D I'm kind of confused- you said if your parents die- then you said your dad passed away.
Does this mean your mother is alive? IF so, why not ask her. As we get older and our parents do to, it's always wise to sit down with them and discuss these issues with them, before it gets to a point they don't remember, or are gone.
Good Luck to you..KAren
Posted: Sun Sep 23, 2007 10:15 am Post Subject:
If, (for whatever reason), your mother is living, but cannot supply the information, and you have exausted all other family members, searched thru your Dad's 'papers'. I'd start with calling whomever is/was his agent re:auto or homeowners policies, see if they have any information. If your father took care with his 'important papers' and you have located other things (ie, taxes, ss, health related things etc). I would bet he didn't have any, as would assume they would be together.
There was another post similar in nature, about not being able to find a beneficiary, you might look at that as well.
Also agree with Karen, honey, which is it?
if my parents die how do i find out if they have life insura
father passed away not sure if he has life insurance
If they are living, NOW is the time to find out about these things !!!
Posted: Sun Sep 23, 2007 01:52 pm Post Subject:
As we get older and our parents do to, it's always wise to sit down with them and discuss these issues with them, before it gets to a point they don't remember, or are gone.
My parents are not that old yet but you know, I will have to do that some day. You never know what tommorow can bring :?
Posted: Wed May 14, 2008 03:43 pm Post Subject: finding their money after they passed
i believe there are life insurance policys and investments we dont know about,how do i find those
Posted: Wed May 14, 2008 07:16 pm Post Subject:
There is a service offered by a company called MIB Solutions. Costs $75.00 but if you really need to find out fast it may be worth it. Check them out at:
http://www.mib.com/html/lost-life-insurance.html
Or do it the old fashioned labor-intensive way and follow these tips:
Check your loved one's papers and address and telephone books to look for life insurance policies and the names of insurance agents. Contact every insurance company with which they had a policy, even if you're not sure it is still in force.
Check with the employee benefits office at their latest and previous places of employment. Or, check with the union welfare office.
Check bank books and canceled checks for the last few years to see if any checks may have been written to pay life insurance premiums.
Check the mail for a year after death for premium notices, which usually are sent annually. If a policy has been paid up, there will not be any notice of premium payments due. However, the company may still send an annual notice regarding the status of the policy or it may pay or send notice of a dividend.
Review your loved one's income tax returns for the past two years. Look for interest income from and interest expenses paid to life insurance companies. Life insurance companies pay interest on accumulations on permanent policies and charge interest on policy loans.
Check with the state's unclaimed property office to see if any unclaimed money from life insurance policies may have been turned over to the state. If, after a number of years, an insurance company holding the unclaimed money cannot find the rightful owner, it turns the money over to the state.
Of course, you may wish to contact life insurance companies directly to see if a policy exists. Each state insurance department has a listing of life insurance companies licensed to do business in its state.
Best of luck to you.
Posted: Sun May 25, 2008 05:23 pm Post Subject: yes
You will definetely find some solution online for sure but it takes some time to verify and check. Its always better to know from parents before hand. cheers
Posted: Mon May 26, 2008 09:28 am Post Subject: insurance
My neighbor's mother recently passed away. According to the mother, she had a Life Insurance policy 'valued' at $15,000.00. She ( Mom) couldn't remember where her papers were, etc. However....she DID remember where she bought the policy from. When my neighbor 'checked it out', she DID find out about the Insurance company that held the policy. Sad to say, the Insurance policy was bought YEARS ago and the Insurance company is no longer in existence....to top it all off ( sad to say..) the policy was NOT $15,000.00. It was for $1500.00. Neighbor's mom had SOO many un-paid bills. I feel sorry for her.
Posted: Mon May 26, 2008 03:30 pm Post Subject: so sad
Its really sad to hear these kind of news. Let us hope everything settles soon and somehow she gets some help..
Posted: Thu Jun 05, 2008 04:43 pm Post Subject:
This is a tricky issue to tackle. The question here is, how will you know that your parents have life insurance policies after they died? Ask the insurance companies in your area. If your parents have a life insurance policy, it is more likely that they will purchase it in your locality.
Posted: Thu Jul 10, 2008 09:04 am Post Subject: Need help for friend. ASAP
My friend's Mother just died. She and her mother were not exactly close, but they were not estranged by any stretch of the imagination. the mother had been living with one of her other daughters for the past three years. There are a total of 3 children. All of the kids live in different states and though mom stayed with the one kid in Colorado, she still owned a condo in FLorida which she had been trying to sell for last couple of years. The condo is paid in full and her mother is current on all condo association fees. Here is the problem in a nutshell. My friend has zero knowledge of mothers finances. Does not know what she owned or what she owed at time of death. Is not even sure if there is a current will in effect anywhere. The daughter she was staying with is being completely uncooperative. Claimied she did not know if mother had a will or what her finances were. On the other hand, she let it slip that she knows her mom wanted to be cremated because it said so "in her will." At that point she went even further and said that not only was she the executor of the will, but everything was left to her.
How can my friend find out if there was a will? What is my friends next move? What information is she legally entitled to? She is the oldest surviving sibling. Knowing her mother, I find it impossible to believe that she died without a will and without life insurance. There is also the matter of some money that the mom had been left by her own father about 15 years ago and there should be something left from that as well, although the daughter she had been staying with may well have swindled her out of that. Body is due to be released by coronor in a couple of days.
Any help greatly appreciated!
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