A Lost Life Insurance Policy - How to Find It

It may seem silly, but finding a lost life insurance policy can be a major problem. In fact, thousands of Americans struggle to find a lost life insurance policy each year. If you are trying to find a lost life insurance policy of a relative who passed away, things can be even more stressful. Fortunately, there are measures you can take to find a lost life insurance policy.

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Lost Life Insurance Policy - How to Locate One

Finding a lost life insurance policy can make you feel like a private investigator, especially if you are looking for a loved one's policy. Here are some simple tips to follow if you need to track down a lost life insurance policy:

  • Start at home - Search through personal files, mail, checking accounts for canceled checks, and other types of policies that may lead you to the life insurance agent or company. Also check income tax returns for any interest income that might show up there.
  • Broaden the search - Contact any legal/financial advisors like attorneys, accountants, or bankers. Call the insured's previous employer or check with any trade unions to see if the lost life insurance policy came through them.

    • If all else fails, contact the appropriate state insurance department, or if some time has gone by, check with the state's unclaimed property office. If a life insurance company can't find a beneficiary, it has to give the death benefit to the state in which the policy was purchased.

    Still Can't Find a Lost Life Insurance Policy? There's Help

    If you still haven't located the lost life insurance policy and you're out of ideas and time, there are private service companies that can help. For a fee, a company can help find a lost life insurance policy by contacting insurance companies or searching through insurance application databases. To make things easier, make sure you keep your life insurance policy in a safe place to make sure it doesn't become lost in the first place.

    If you're looking to invest in a term life insurance policy, consider using InsWeb.com to shop and compare free term life insurance quotes.