Lost Life Insurance

Are you wondering if there is a lost life insurance policy on a loved one who recently passed away?

The private nature of life insurance and estate planning can make it difficult to determine if someone had a life insurance policy. Of course, the beneficiary of any life policy should be told by the policy owner that such a policy exists and with what company. This doesn’t always happen and that is why the question comes up!

People often ask insurance professionals for advice and help in finding out if there was an in force life insurance policy on a deceased loved one. The following list of tips might be useful to you.

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How to Find A Life Insurance Policy

  • Check the banking records for any evidence of insurance premiums paid. Look back a year or more if possible. Contact any insurer on the banking records.
  • Contact their employer and any other known employers to see if there is any group life insurance or if there was any group life insurance that was converted to an individually owned policy
  • Check credit cards or other loans. There might have been some creditor life insurance - that coverage would be limited. But better than nothing.
  • The home and auto insurance agent (or broker) may have sold him life insurance. Or at least recorded where a policy exists
  • Other advisors such as investment reps, accountants or lawyers may have recorded this information.
  • Family and Friends – ask around
  • The MIB is also a source of information. Visit www.mib.com
  • Check their mail for a full year after death – insurers have to send mail at least once per year. This assumes they have the correct address
  • Contact all relevant Provincial/State insurance departments

I do hope that helps to find a lost life insurance policy!

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Note: Always speak with a licensed insurance professional about your specific situation. This insurance information is general in nature and the policy wordings always take precedence. It is possible that there are errors and omissions in this website and www.canada-insurance-source.com, or its authors, take no responsibility.

Keep in mind that insurance licensing, legislation, and policies often vary by province and most certainly by country. Canada Insurance Source is a free information source. So use this site to gain a general understanding of insurance with your own area and situation in mind.  Make sure you review the "please read" page. Always speak with a licensed insurance professional about your specific situation.

Always speak with a licensed insurance representative about your specific situation.

This site is general in nature and there may be errors or ommissions

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