Check with credit card companies to see if the deceased bought life insurance or accidental death insurance through them.They often give their members the opportunity to buy life insurance policies
#Abandoned life insurance policies professional
Contact any professional association, alumni group, or automobile association the deceased may have belonged to.It often includes details about all other life insurance policies that may have been bought If any insurance policy is found, check the application form (available from the insurer).Review bank accounts to see if there is any evidence of automatic premium withdrawals.Contact the deceased's former employers to find out about group insurance policies that may have been in effect.Review bank statements to see if there is any evidence of automatic premium withdrawals you could trace.
![abandoned life insurance policies abandoned life insurance policies](http://content.tegna-media.com/photo/2016/06/11/636011798862391172-life-ins-money_2897319_ver1.0_640_360.jpg)
Tips for conducting your own policy search no fishing expeditions) and 2) Specific factual data about the deceased is available (in other words, they won't search for a policy for a cousin who lived out west somewhere).īut even before you contact them, the association has some useful hints that could help you find that policy without having to conduct an industry-wide search (see shaded box). The CLHIA insists on two basic requirements: 1) There must be a reasonable basis to believe that some policy does exist (i.e. So the association's OmbudService will, on request, contact its dozens of member companies to conduct a policy search. The Canadian Life and Health Insurance Association knows that policies sometimes go missing.
![abandoned life insurance policies abandoned life insurance policies](https://i.pinimg.com/originals/18/6a/c4/186ac4982307393b73cf30dfe1c8bc59.jpg)
Is Aunt Myrtle out of luck?įortunately, no. And she didn't know which company issued it. But then, after dear Uncle Harold did indeed pass on, Aunt Myrtle couldn't find the policy anywhere - not in their safety deposit box, not in the secret cookie jar, not in the old rolltop desk. Your dear Uncle Harold always assured his dear wife, Aunt Myrtle, that she would be left with a comfortable sum of insurance money after he died, thanks to a paid-up policy he'd taken out 30 years earlier.