| Message |
Author |
|
 Posted: Tue Dec 30, 2008 4:57 pm Post subject: Can I afford to locate a lost life insurance policy? |
|
|
| My Dad passed away in 2003, I think he had some life insurance policies but how do I find out if I didnt live with him if he left me anything? |
|
Dee
New member
Joined: 30 Dec 2008
Posts: 1
1.69 Dollars($)
|
|
| Posted: Tue Dec 30, 2008 11:48 pm Post subject: |
|
|
| Wow its been quite a while. I would hope that someone would have told you by now if there was anything left for you. Have you asked other family members? Did Dad have a will or an atty? I would imagine the best way to find out anything would be to ask other family members. |
|
fireyone
Senior member
Joined: 07 Jan 2008
Posts: 1993
2.31 Dollars($)
|
|
| Posted: Wed Dec 31, 2008 3:21 am Post subject: insurance |
|
|
| I think there is actually a wesite you can look up to find out if someone HAS an Insurance policy in their name. I'm sorry, but, I'm not sure what the website is, though. Maybe one of the Insurance experts, on the Forum can help 'us' out on this one. |
|
sdchargersfan
Senior member
Joined: 21 Aug 2007
Posts: 2055
4.67 Dollars($)
|
|
| Posted: Wed Dec 31, 2008 12:01 pm Post subject: Can I afford to locate a lost life insurance policy? |
|
|
Dee why so long in looking into this? Was your dad married when he passed? did he live with anyone? work anywhere? are their other children? Who paid for the funeral? what about his parents?
_________________
"Never, never be afraid to do what's right, especially if the well being of a person or animal is at stake. Society's punishments are small compared to the wounds we inflict on our soul when we look the other way." Martin Luther King Jr. |
|
Lori
Moderator
Joined: 10 Sep 2007
Posts: 8173
Location: Missouri
287.90 Dollars($)
|
|
| Posted: Wed Dec 31, 2008 2:42 pm Post subject: |
|
|
| I am wondering if maybe the poster has just come to age (reached 18 birthday) and maybe wondering if their was something set aside for them. Just a guess. |
|
fireyone
Senior member
Joined: 07 Jan 2008
Posts: 1993
2.31 Dollars($)
|
|
| Posted: Wed Dec 31, 2008 4:44 pm Post subject: Can I afford to locate a lost life insurance policy? |
|
|
Well, the problem is this, yes he was married, she is my stepmom, we are not close,my father never took care of me, I found him at the age of 26 now I'm much older. I have 2 other sisters but we have different mothers. They too claim to not know if he had anything such as a insurance policy, Ive already checked with the Nassau County Dept of Records and he had no will.
_________________
Register Now to have your Insurance queries solved. |
|
Debbi
Guest
|
|
| Posted: Thu Jan 01, 2009 2:14 am Post subject: Debbi |
|
|
I would try with your states department of insurance. You can do a google search and go their website. Once on their website you can get their phone number.
There are also websites for unclaimed money. There's one called foundmoney.com. Hope this helps.
system edited-link deactivated |
|
victor27s
Member
Joined: 31 Dec 2008
Posts: 53
21.40 Dollars($)
|
|
| Posted: Thu Jan 01, 2009 1:48 pm Post subject: Can I afford to locate a lost life insurance policy? |
|
|
Debbi, I'm sorry but chances are that if he did have a policy it was left to his wife, the only way that you would have a shot at anything is if he indeed did have a life policy that placed you as the beneficiary. In the absense of a will your step mom would be his heir. Have your sisters received anything at all from your fathers death? Do you have reason to believe they are hiding something from you? Have you asked your stepmother about this? What is it Debbi that makes you think your daddy may have left you something?
_________________
"Never, never be afraid to do what's right, especially if the well being of a person or animal is at stake. Society's punishments are small compared to the wounds we inflict on our soul when we look the other way." Martin Luther King Jr. |
|
Lori
Moderator
Joined: 10 Sep 2007
Posts: 8173
Location: Missouri
287.90 Dollars($)
|
|
| Posted: Fri Jan 02, 2009 4:33 pm Post subject: |
|
|
Hello Debbie,
If I can suggest, the MIB has a policy locator and is a place you can go to find information and there is also a website called LostPolicy.com. These two places charge a fee and they go about looking for policies in different ways. I wish you luck.
Michael |
|
FindYourPolicy
Preferred member
Joined: 23 Mar 2008
Posts: 114
47.75 Dollars($)
|
|
| Posted: Tue Jan 06, 2009 12:07 am Post subject: |
|
|
| Find your policy, What is MIB if you do not mind me asking. Also are there fees really high or does this depend on if there is actually a policy put into place? |
|
fireyone
Senior member
Joined: 07 Jan 2008
Posts: 1993
2.31 Dollars($)
|
|
| Posted: Tue Jan 06, 2009 1:58 am Post subject: |
|
|
Hello Fireyone,
The MIB is the Medical Information Bureau. They are an organization that has been around for over 100 years. Basically, everytime someone goes to the doctors office it is recorded with the MIB. So your medical records are stored there. I think this is for all doctors in the United States and Canada, however, I am not 100% sure.
As a LIfe Insurance agent, we must get a signed piece of paper from all clients, allowing the insurance company to check with the MIB for any medical information on the client. This is basically to avoid fraudulent information and to protect the Life Insurance company. They will check to see if your Medical records coinside with what you are telling them. Not that you have cancer and you tell them that you do not.
The Policylocater that they have basically checks the MIB database for any Life Insurance company that has made an enquiry on someone for their medical records. It does not guarantee that they had a policy however, it will show if someone has made an application for life insurance. Their success rate is around 24% and they charge a fee for this. It is 75 dollars per search.
To avoid ever looking it would be great to have a central database that will store individual's names along with the Life Insurance company names that hold their life insurance. This would eliminate ever loosing track of a policy. You just have to go to one central location to find it. FindYourPolicy.com does just that. It might be worth looking into.
I hope the above information is helpful.
Michael
FindYourPolicy.com |
|
FindYourPolicy
Preferred member
Joined: 23 Mar 2008
Posts: 114
47.75 Dollars($)
|
|
| Posted: Tue Jan 06, 2009 7:49 am Post subject: Can I afford to locate a lost life insurance policy? |
|
|
| Quote: | | If I can suggest, the MIB has a policy locator and is a place you can go to find information and there is also a website called LostPolicy.com. |
I think I know how MIB works, however, not sure of lostpolicy.com. FindYourPolicy, can you explain to me how this site work? Do you have to register with them? or they collect the data from various sources and offer it to you in exchange of fees?
I was wondering about another issue, since OPs father has passed away long ago, there is all possibility that claims were filed against his life policies by his surviving spouse. If OP was named as beneficiary in any of his policies, hasn't the insurance company contacted her by now?
_________________
Register Now to have your Insurance queries solved. |
|
bandit baby
Guest
|
|
| Posted: Tue Jan 06, 2009 10:50 am Post subject: |
|
|
Hi Bandit baby,
Lostpolicy.com gathers search records of insurances from the top insurance companies ( they claim this list covers more than 100 insurance companies in the US ) and their subsidiaries and they do offer a list of those companies on request.They charge a one time fees of $79.95 when someone initiates a search with them.Hope this helps. |
|
Unicorn
New member
Joined: 06 Jan 2009
Posts: 26
9.54 Dollars($)
|
|
| Posted: Tue Jan 06, 2009 11:07 am Post subject: |
|
|
| Wow some really good replies here. I never knew that MIB even existed but I can see it really can be of good use. It would be really helpful for both insurance compnaies and people looking to fond a lost policy. A success rate of 25% is better than not having this option at all. It actually sounds as if MIB would be an excellent source as well as the lost policy web-site. Neither fee is unreasonable. I see Unicorn said that it has access to over 100 insurance companies. To me that seems like alot but I wonder how many insurance compnaies are actually out there. I would think alot. |
|
fireyone
Senior member
Joined: 07 Jan 2008
Posts: 1993
2.31 Dollars($)
|
|
| Posted: Tue Jan 06, 2009 12:26 pm Post subject: Can I afford to locate a lost life insurance policy? |
|
|
It'd be hard to tell how many insurance companies are out there , but if we were to go by what lostpolicy.com has to say about this, then 95% of all individual and industrial life insurance policies are from the top hundred companies and they have these companies and their subsidiaries covered.If I were to go with them, I'd probably use that option of requesting a list of the companies ,before initiating a search.
Another aspect that's important to mention here is that if they happen to find that such a policy exists or existed , then the company will directly communicate with the beneficiary, an authorized person or the legal representative and not Lostpolicy.com. So ,your privacy is still protected. |
|
Unicorn
New member
Joined: 06 Jan 2009
Posts: 26
9.54 Dollars($)
|
|
