How do I know if I was left a life insurance policy?

Submitted by rosenberg2734 on Sat, 11/29/2008 - 14:58

Hello my name is Vicki Rosenberg, my father passed last year, in September of 07. He left behind a wife, 4 children and 6 grandchildren. My father was a man that paid all his bills on time, and very hard working. I know my father had a life insurance policy for all his children, because he told me when I was 17, I am now 38. When my father pass my mother and older brother, which he is by another father, but father took him in when he was 4 so he is consider my father's son, anyway they had let us know there was no life policy left for no one, he stop paying on a life policy 6 months okay. My mother stated there were only 30,000 left for her. Everyday I sit in disbelief, my father knows how I struggle as a single parent with four children, and my daughter was his pride and joy. My parents did not even sleep in the same rooms, my mother left my father when I was 15 and return to him when I was 21, since then they sleep in separate rooms in the house and would say hi and bye to each other. My oldest brother took all his paperwork from his desk in his room where my father faithfully sat doing his bills. Sorry for the whole story, but how would I ever find out if something was done, by my mother and older brother to not allow there family to have a life policy, or how would I find out if there was ever one?

Posted: 30 Nov 2008 10:54 Post Subject:

Hmmmmm, I can't seem to formulate a concise response so I'll go sentence by sentence on the main points of this post.

I know my father had a life insurance policy for all his children, because he told me when I was 17, I am now 38.


Yes, he probably did with did being the operative word. But you more likely than not misunderstood what he meant. He probably did have life insurance on all four of his children when they were younger with the children as the INSURED and himself as the BENEFICIARY to pay final expenses if something happened to one of the children. Child Riders are common on the parent's policy.

It would be rather odd for someone to buy four (4) separate life insurance policies just because they had four children when they could simply name all the children as beneficiary on one (1) policy.

anyway they had let us know there was no life policy left for no one, he stop paying on a life policy 6 months okay.


That's probably true.
He probably took whatever money he had in his old policy and used it for himself. Happens all the time.

My mother stated there were only 30,000 left for her.


That's probably all he had.
Why would Mom lie to you?

Everyday I sit in disbelief, my father knows how I struggle as a single parent with four children, and my daughter was his pride and joy.


Disbelief about what?
That your Dad died?
That you have four children?
That the money went to your Mom?

Certainly you don't mean to say you are in disbelief because since you had four children and are struggling that your Dad should have had a nice BIG fat life insurance policy paid for with his money out of his pocket so when he dies his daughter with the four children who is struggling will be financially set for life, can buy a new big house and send all of her children to college with money left over to pay for the wedding and a down payment for each of their first homes?

I'm perplexed as to what you mean.
There is the fact Mom and three other children also lost their Husband/Dad.

Sorry for the whole story, but how would I ever find out if something was done, by my mother and older brother to not allow there family to have a life policy, or how would I find out if there was ever one?


What would they have done with it?

A life insurance policy is PRIVATE contract between the owner of the policy and the insurance company. If you and others would have been listed as a beneficiary no payments would be made to anyone without ALL claim forms submitted and in proper order before the insurance company would pay any claims to anyone.

Posted: 30 Nov 2008 10:59 Post Subject:

WHAT, :shock: TRIPLE POST! :shock:

:P :shock: :? The browser locks up and the next thing I know my post posted three times with one click! :? :shock: :P

Let see what happens now..............

Posted: 30 Nov 2008 03:44 Post Subject: insurance

That's ok, GARY...we forgive you!!LOL Not an expert, of course, but...I would think if Dad had any insurance money, that would be given to the daughter, the daughter would be informed someway. I think, too, what gets me ('pet peeve', I guess) the father dies and the daughter is upset because she received NOTHING from his insurance?! Umm.........don't 'get me started' on this one. She should miss her father ( as a human being..) NOT his money.

Posted: 30 Nov 2008 06:35 Post Subject:

It would be rather odd for someone to buy four (4) separate life insurance policies just because they had four children when they could simply name all the children as beneficiary on one (1) policy.

well color me and my family odd i guess...my grandpa took out policys on my sister and i (still in force) my dad did on my children, we did on our children (all still in force) and we did on our grandkids, now on our grandbabies, they are paid up till the kids are i think 27 at which time, the kids pay a premium, convert them etc.... or just let them 'die' (pune intended)...

However I do agree with the rest of your post...OP I'm not clear if you are concerned that you thought you have your own life policy (for when you die) or that dad didn't leave you anything....of course mom is his next of kin, then the FOUR children, not ONE of the FOUR...please explain better what your concern is ...




Let see what happens now..............
_________________

nothing to see, people keep movin' along, mama lori deleted them... :wink:

Posted: 30 Nov 2008 10:20 Post Subject: insurance

That's ALOT of money, i would think, to start all of those Life Insurance policies. But,,,,,,,,of course, I don't know what kind they are or what the payments are for each. I know people that have started 3 different ones for their 3 kids. However......on the other hand, started 1 policy and divided the policy into however many 'loved ones' they have.

Posted: 01 Dec 2008 01:18 Post Subject:

Kinda of upsets me when I see posts like this one. It seems more and more that kids (and sometimes others) are really more disappointed that someone did not leave them money. They should be more disappointed in the loved ones death. Its not mom and dads responsibility if someone has 4 children they can not take care of. I think death really shows us peoples true colors. I went through this once when my first husband died and I can tell you I weeded out alot of so-called caring people.

Posted: 01 Dec 2008 02:37 Post Subject: insurance

YEP.......FIREYONE. That was the meaning of my last few posts. I know my parents will pass away someday. ..my family and I are very close. I don't want my parent's money..I want them.

Posted: 02 Dec 2008 11:12 Post Subject:

From your mouth to other childrens ears.

Posted: 03 Dec 2008 04:21 Post Subject: insurance

I know my parents DO have a Life Insurance policy, Estate, etc. Gosh....................it would VERY handle or me to handle it, when they pass away. I see alot families 'seperated' because of money. It's sad to see.

Posted: 24 Dec 2009 11:05 Post Subject: Life Insurance

Well, my problem is that we lost the paperwork for my mother's insurance (she died a few years ago and my father wanted to save the money for us "kids" to use as we want...) Anyway, we can't find the policy now, the company she worked for got sold, and I'm at a dead end on how to pursue this. Any suggestions??

Posted: 24 Dec 2009 11:42 Post Subject:

I'm confused about what you are trying to find. Is it cash generated from a life insurance policy on your mother, or proceeds from a life insurance policy on your father? If there was a policy, you could use the Medical Information Bureau to look up a policy. But if it's money in an account, you'd have to look through/for the account(s).

Posted: 25 Feb 2011 03:55 Post Subject: deal with abuot the some thang

its ben 5 years now and calling all insurance around if your name is on it thay have to lut u know dont for get abut the banks .. good luk u can email me if u find a easer way pleas need all the help that i can get egoddard96@hotmail.com thanks plus it dont matter as long as it was pasde u to date they have to pay u do not have to have any papper work

Posted: 27 Feb 2011 05:28 Post Subject:

u ned to go bak to skul to lern to spel bedr.

Posted: 05 Mar 2011 08:38 Post Subject:

If there really was an insurance for you, or for all children, then there's nothing your mother and older brother can do to take that away from you. I see no reason why you should doubt them in this matter. And I see why you are so upset. You have four kids and barely making ends meet. Stop sitting in disbelief over the insurance you thought you had to save your life. And don't ever blame your father if your life is messed up right now. Maybe he meant company insurance or something. After all, that was so many years ago.

Posted: 20 Apr 2011 04:12 Post Subject: life insurance beneficiary STOLEN

my grandmother passed away a little over a year ago, but before she passed she asked me for my social security number address, bank and account number. She mentioned something about a life insurance policy and naming me as a beneficiary? Then someone my father (if thats what you want to call him) did something and signed it into his name and cashed it before i could get it... how do i go about finding out what happened and if i can sue my father?

Posted: 30 Aug 2011 12:35 Post Subject: life insurance policy

my dad passed away june 5th my half sister said my dad told her he had a life insurance poilcy and he told her he had 50,000 policy and he told her whatever was left over was for us he also told her that he told insurace mr/ms that he wanted what was left to be given to us ,how would we know if we were on his life insurace policy? how long would it take before we found out anything? he was married too ,another question if he had it in a safety deposit box and it was in there would it still go to the insurance place or would we have to find it and call them?

Posted: 30 Aug 2011 06:46 Post Subject:

You are saying that your sister was personally told by your father that he left the amount (death benefits/cash accumulation) of his life insurance to both of you, and he had instructed the insurer the same.
In that case, the possibilities are high that you and your sister are the beneficiaries of his life insurance.

You’ll have to notify your Dad’s insurance company about his death first. If you and your sister are really the beneficiaries of the policy then, you’ll be informed about it by the company itself.

Posted: 31 Aug 2011 05:19 Post Subject:

You are saying that your sister was personally told by your father that he left the amount (death benefits/cash accumulation) of his life insurance to both of you, and he had instructed the insurer the same. In that case, the possibilities are high that you and your sister are the beneficiaries of his life insurance.


What people say, and what people write (or not) are not always the same things. If "Dad" did not communicate his wishes in writing to the insurance company in the form of the beneficiary statement, there are no "high possibilities" other than Dad's creditors may see more of the $50,000 than his children.

The "mr/ms" mentioned could have been the agent, and we all know that agents don't get it right 100% of the time.

Posted: 13 Sep 2011 12:03 Post Subject: life insurance

my brother told me he had several life insurance policies he wanted my sister off as benificiary and me on . he recently moved in with me out of my sisters because she wasn't using his money for him or buying what he NEEDED he signed a statement saying I was to be benificiary. but my sister wouldn't tell anything about insurance. since his death she says there was no insurance . I have found out about 3 he had I think there is 2 or 3 more. is there anyway I can find out. I don't plan on trying to collect I just want to know how much she is hiding and lying

Posted: 13 Sep 2011 04:22 Post Subject:

Well penny, if you were not mentioned as the beneficiary in your brother’s policies and if your sister was not taken off the same by following insurance company procedures, then I don’t think benefits will be paid to you.

You may challenge the situation though, with the help of a lawyer and support your cause with the signed statement.

If you just want to find out the number of policies he had, you may contact the insurance companies with whom your brother had other insurances with, or get the help of companies providing policy locator service. You might go through his bank statements if you have access to it, to find out where all the premium money went to.

Posted: 13 Sep 2011 04:22 Post Subject:

he signed a statement saying I was to be benificiary


This has no value unless he filed the change of beneficiary form for each policy/insurance company involved.

I don't plan on trying to collect I just want to know how much she is hiding and lying


If this statement is true, what exactly is the point of all this? You already know your sister is a liar, what difference.will this additional knowledge confer?

Posted: 27 Sep 2011 10:13 Post Subject: was there a policy?

My mother in law passed just recently and some say there was a life insurance policy left behind for my husband (only child) and some just don't know. How do I go about finding out if this is in fact true??

Posted: 27 Sep 2011 06:15 Post Subject:

You can do several things. First, you can look at recent bank statement to see if an insurance company was taking premium payments from her account. Or, you can use the Medical Information Bureau's "Lost Policy Finder" service ($75 fee to run a check).

The MIB service does not guarantee to locate any policies, and if they even provide information that a policy was once applied for, it cannot tell you if that policy was still in force. For that, you would have to contact any insurance company they report to you.

http://www.mibsolutions.com/lost-life-insurance/

Posted: 22 Oct 2011 11:07 Post Subject:

I am in a situation where he told us he had a policey and we were on it we just didn't know who or where it is or how to find out with which compney my sister needs the money for school so if anyone know how to find out email me

Posted: 25 Oct 2011 06:11 Post Subject:

There are several ways of locating a lost life insurance policy, as discussed in several threads.

1. Check for the bank and credit card statements to know about the insurance companies, to which premium payments were made.

2. Check with the auto, health or home insurance companies, as the life insurance policy could've been taken out through them.

3. Contact the deceased's lawyer, attorney, financial advisor.

4. Avail the Policy Locator Service from MIB or other private companies for a charge.

Posted: 03 Dec 2011 04:19 Post Subject: Legit

I think this is a fair question.

As the mother of 4 children myself I would want them taken care of. I carry a policy with amounts specific to each of my children. It is my wish that they be cared for once I am gone. If I were alive, I'd help whenever necessary... If I'm deceased I would want to at least give my children that safety net.

If a parent is gone, their care is gone also. I miss my father but, he had no policy and I'll never be able to ask him for advice, help, or a hug again. I'd hate to leave my children missing me. It seems this is a simple comfort. I don't think it's unreasonable to want to find out if the father who was a comfort in to his children also desired to be a comfort after he was gone.

I hope you find out... And I don't think it makes a person heartless to ask questions... Seems awfully judgmental.

Posted: 03 Mar 2012 02:31 Post Subject: life insurace

my mom took out a life insurance policy on me and my sisters but it expired when we turned 25 i turned 25 in october and my mom just passed 2 weeks ago anyway i just found out about the policy today am i still intitled to the money or no because i am already 25

Posted: 06 Mar 2012 03:29 Post Subject:

An insurance policy on your life would only pay a benefit if you died, not your mother. If your mother had life insurance on herself, you might possibly be a beneficiary.

Posted: 09 Apr 2012 07:44 Post Subject:

if i don't the carrier of my fathers life insurance policy and i have his dob and dod, how can i find the carrier?

Posted: 09 Apr 2012 10:48 Post Subject:

If your father's life insurance was through employment, his employer has that information. If it was individual (personal) life insurance, you may be able to identify the insurance company using the Medical Information Bureau's "Lost Policy Locator Service". A fee of $75 will lead to a search of the MIB database for any reports made during the underwriting phase of an individual life insurance application. They claim a 30% or better rate of matching a person to a policy. Do not pay others for this service. The MIB is reliable, all others charge you more and then pay the MIB its $75 fee. Cut out the middleman and do it yourself.

Visit:
http://www.mibsolutions.com/lost-life-insurance/

Posted: 03 Sep 2012 07:50 Post Subject:

When my grandma died i was not notified, my grand ma told me one day that when she deid i was gointo be better because she had a insurence in my name 10 year leter someone toll me she died, i just know that my father died 2 years ago when i whent to my fathers house my ant said oll the thime my father was traveling i got my fathers death certificate my father hereditate a house with my ant but know the house is in my ants name how can this be how can i know if my father gave the house to my ant

Posted: 03 Sep 2012 08:28 Post Subject:

When my grandma died i was not notified, my grandma told me one day that i was in her insurence. 10 year leter someone toll me she died when i visit her they sead se was traveling, and the same thing with my dadi just knew that my father died 2 years ago. i got my fathers death certificate my father hereditate a house with my ant but know the house is in my ants name how can this be, how can i know if my father gave the house to my antore if she did someting out of the law. :roll:

_________________

Posted: 03 Sep 2012 08:43 Post Subject:

--------------------------------------------------------------------------------




When my grandma died i was not notified, my grandma told me one day that i was in her insurence. 10 year leter someone toll me she died when i visit her they sead se was traveling, and the same thing with my dadi just knew that my father died 2 years ago. i got my fathers death certificate my father hereditate a house with my ant but know the house is in my ants name how can this be, how can i know if my father gave the house to my antore if she did someting out of the law.

Posted: 04 Sep 2012 02:14 Post Subject:

Two years after the fact is coming to the party two years too late. Unless there was some sort of criminal involvement, or you were completely incapable of being located during probate, there is probably nothing you can do at this point.

You'll probably have to find the details of the probate action to figure out what went on, and why you were not involved. Normally, probate cannot be closed if there are known heirs who have not predeceased the decedent.

Posted: 12 Oct 2012 05:44 Post Subject: Who do I turn too

My Father passed away last month, and his present wife is trying to tell me that my father never left anything behind for us, but I know that's not true. So who do I turn to. Do I connect a lawyer and what kind of lawyer would help me discover if there was a policy or not. Please Help

Posted: 12 Oct 2012 07:05 Post Subject:

TamikaO . . .

Long before you go looking for a lawyer, who would be happy to take your money and produce no results, try the Medical Information Bureau's MIB Solutions Lost Policy Locator service: http://www.mib.com/lost_life_insurance.html

For $75, and with a copy of your father's death certificate, they may be able to tell you which insurance company(ies) your father applied to for coverage. They cannot tell you if a policy was actually issued, or give you a policy number, but they can create a starting point for inquiry. They claim that they have about a 30% success rate in helping folks in situations like yours eventually locate a policy.

You can always contact me for additional assistance.

Posted: 13 Oct 2012 04:38 Post Subject: find insurance policy

Father passed away and he worked at chicken plant wanting to knoknow if money was left behind in my name

Posted: 14 Oct 2012 03:03 Post Subject:

Have to contact the employer and ask them, if you're asking about a group life insurance policy. Otherwise, follow the instructions above concerning the MIB Lost Policy service.

Posted: 05 Nov 2012 02:51 Post Subject: how can i find out where my dad's life insurance

Hello, I am deaf man and have kids. 5 years ago my Dad told me that he had life insurance for divide me and two sisters . also 4 years ago my dad showed me house around and some stuffs was going to me some TV, Refrigater , and another, also Truck but my stepmother sold everything to someone but suppose to give me. also my step-mom got my dad insurance that disturbed my feeling somehow why she got insurance..... my dad told me fact that my dad and i were secret issued about my dad had life insurance 100 thousands but where my dad 's life insurance policy and stepmother refused to tell my oldest sister. my dad had passed away almost two years ago.

Posted: 28 Nov 2012 04:54 Post Subject: Insurance

My mother passed away in May 2012. Her will said her five children would split the money that was left after her house was sold and bills paid. She had a bank account with hers and my brothers name. Two yrs ago she cashed in a 15,000. life Insurance and four months before she died the balance in her account was still 14,500.00. My brother cashed out the money all but 4,000. and nobody knows where it went.

Posted: 28 Nov 2012 05:07 Post Subject:

Did you have a question?

Posted: 12 Dec 2012 09:04 Post Subject: life insurance policy

My grandmother passed away in 2004,i was 27 years old. Since as long as i can remember she always told me and one of my cousins that when she dies the two of us has a policy. Years leading up to her death she stated to us that she did not want any of her children to benefit from her death.well when she passed my oldest uncle (whom was in jail at the time) ended up having ALL of her info.he g got a house in her name, he received money, so we believe he cashed in on our policies. How do i find out if i don't even know who she went through

Posted: 13 Dec 2012 03:51 Post Subject:

It's now more than 8 years after the fact. Why you have waited this long to become concerned is unknown. You have no claim against any insurance company at this point, even if you knew which one(s) were involved. At best, you might have a claim against someone who should not have received the money.

But 8 years later? Sounds mostly like sour grapes to me at this late date. At age 27, you were old enough to have been involved in whatever happened at the time in 2004. For whatever reason, you chose not to. Heed the old expression: Let sleeping dogs lie.

Posted: 28 Jan 2013 04:24 Post Subject: no insurance policy

how do i know my mom and my step dad insurance with no policy and i dont know the name of insurance company.im only child of my mom and my step dad.then im here in philippines.my mom and step dad die in US.

Posted: 30 Jan 2013 07:22 Post Subject:

You can try using the MIB Solutions' Lost Policy Locator service:

http://www.mib.com/lost_life_insurance.html

Posted: 08 Apr 2013 03:05 Post Subject: Help

My father who has never been in my life took out a life insurance policy on me and my daughter! I know this because the insurance company accidentally sent the papers to my house! With him listed as the benificiary. I am so upset! Not once in my life has he provided a dime to raise me how can he now think he has any right to benefit from mine or my daughters death? This is not right! What can I do to put a stop to this? I do not feel safe at all.

Posted: 08 Apr 2013 05:07 Post Subject:

This is not right! What can I do to put a stop to this?

Your father has insurable interest in your life, whether you like it or not. If the insurance company wants to extend that to his granddaughter, that's their prerogative.

I do not feel safe at all.

Why not? Is your father a serial killer? If it's any consolation, he will not be able to collect the death benefit if he murders you or your daughter. Every state has some form of "slayer" law on their books.

Posted: 08 Apr 2013 05:31 Post Subject: Help

He was in jail for murder for 15 years he came out benifited from grandfathers death then a year later my grandmother became ill there was a problem with the insurance company wanting to pay him for my grandmothers death so he has been fighting the insurance company for payout more than a year already. I have not had contact with him for more then 20 years I am 31. For him to have a policy on me and my daughter makes me very uneasy.

Posted: 09 Apr 2013 09:29 Post Subject:

For him to have a policy on me and my daughter makes me very uneasy.

I can see why you may have reason to be concerned. If he murders you or your daughter, he will not be able to collect the benefit. I realize that gives you no comfort, but there is still nothing you can do about it

there was a problem with the insurance company wanting to pay him for my grandmothers death so he has been fighting the insurance company for payout more than a year

Unless he is suspected of being involved in her death, I don't know why an insurance company would be fighting payment of a death claim.

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