Mom passed away recently and her husband may have a life insurance policy on her that we are not aware of.
Total Comments: 41
Posted: Sat Apr 18, 2009 04:17 am Post Subject:
Hello eddielkk,
Could you please tell me where this central database is located. Through all my research, I have found that there is no such thing due to the privacy issues and that the insurance companies can not release this information. Please tell us all where this central database is located and how we can access it.
Michael
Posted: Tue Apr 21, 2009 05:18 am Post Subject:
Okay Sil,
What if she was the beneficiary and didn't know?
Who? Are you talking about the deceased or the OP? My question is also the same, who is the beneficiary and who is the policy holder in this case.
Maybe she wants to find out who the beneficiary is.
If you are talking about the OP, then she needs to contact the right persons of that. I was confused about the ownership of the policy and not about the beneficiary.
If she doubts there was a life insurance policy, the proceeds must go to someone and maybe the OP is only trying to find out if she has been the beneficiary.
Nope, the death benefit would go to the beneficiary named in the policy. And, in case of no named beneficiary all the heirs would receive equal shares of the policy proceeding.
Sil, you may re-read OP's post, IMO that would clarify to you where I'm confused.
Thanks,
Rupert
Posted: Tue Apr 21, 2009 05:29 am Post Subject: re
you should check documents of your mother.it may be that she had told to her friends about insurance
Posted: Tue Apr 21, 2009 06:39 am Post Subject:
Hello eddielkk,
Could you please tell me where this central database is located. Through all my research, I have found that there is no such thing due to the privacy issues and that the insurance companies can not release this information. Please tell us all where this central database is located and how we can access it.
Michael
Well, Michael,
I am not sure about your country, but in my country, those central database for policy holders is kept and updated with the enforcement of our government. It is not accessible to the public, unless you are the insurance agent that has been authorise to view it.
I also getting all my policy info by insurance agent who is actually my good friend. He is helping me to trace neccessary policy of mine. You may check with your insurance agent whether they have such a database?
Regard,
Eddie
Posted: Tue Apr 21, 2009 10:00 am Post Subject:
And, in case of no named beneficiary all the heirs would receive equal shares of the policy proceeding.
I'm convinced that people just make up answers on this board. How is the insurance company going to pay all of the heirs? It won't have any clue as to the indentity of these people. It will typically get paid to the estate. When this happens, hopefully there will be a Will that will determine where the money goes. Otherwise, it will be up to the state.
Posted: Tue Apr 21, 2009 12:04 pm Post Subject:
Hello Eddie,
I have a strange feeling that you are confusing what I am asking. Yes, every insurance company has a database of their policies. However there is no central database in the United States or anywhere else in the world where you can go to for help. There is no central database that connects all the life insurance companies together because of the privacy issues. If I give you my full name and social security number, the only way that you can find out if I have life insurance or not is to call everyone of the insurance companies in the United States and ask them. (last count there where well over 500 of them.) I am an insurance agent, and I know with certainty that there is no such database. This is the reason that I started FindYourPolicy.com. It is a central database where you list low risk information(the company name where you have life insurance at).
If there was a central database, then it would be known by every agent and agency out there. During my research to start our company, I made many enquiries into the government and they also said that there is no central database. The closest you have is the MIB and they have a success rate of only 28%.
Michael
Posted: Thu Apr 23, 2009 06:11 pm Post Subject:
If her husband took out a policy on her and he and/or thier children are the beneficiaries, you will not recieve anything, so it would be pointless in searching for it.
And i thought the beneficiary would be notified by the insurance companies when they (the insurance companies) are notified of the death of the insured.
While you wait for Michael's follow-up and in the interest of helping others, could you tell us what country you are talking about. USA or Canada or ?
It would help us all. By the way, many of the people who have responded to this question are agents in USA and have not heard of this "data base". AARP. the US government, and top executives of insurance companies have never hear of this datat base. Check MIB and they never heard of it. So what country are you talking about? You would be helping a lot of people with specifics. Looking forward to hearing from you. Maybe you could get your friend and agent to respond so us other agents can help clients. Respectfully, Jim
Posted: Thu Apr 30, 2009 11:03 am Post Subject:
Thank you for your response:I do not know if there is an insurance policy, the husband will not tell me, I do not know who the beneficiary is and I do not know if I can contest it if it exists. I suspect he had one and I am looking to see if she had a last will.
Hey guys I found this in my inbox. OP you have umpteen suggestions from our members here. I hope you have benefited from the suggestions. If there is any more help we can provide throw in your query at us.
Posted: Thu Aug 06, 2009 07:36 pm Post Subject:
my father passed away in 1988, my mom passed away in 2000
Posted: Sat Apr 18, 2009 04:17 am Post Subject:
Hello eddielkk,
Could you please tell me where this central database is located. Through all my research, I have found that there is no such thing due to the privacy issues and that the insurance companies can not release this information. Please tell us all where this central database is located and how we can access it.
Michael
Posted: Tue Apr 21, 2009 05:18 am Post Subject:
Okay Sil,
What if she was the beneficiary and didn't know?
Who? Are you talking about the deceased or the OP? My question is also the same, who is the beneficiary and who is the policy holder in this case.
Maybe she wants to find out who the beneficiary is.
If you are talking about the OP, then she needs to contact the right persons of that. I was confused about the ownership of the policy and not about the beneficiary.
If she doubts there was a life insurance policy, the proceeds must go to someone and maybe the OP is only trying to find out if she has been the beneficiary.
Nope, the death benefit would go to the beneficiary named in the policy. And, in case of no named beneficiary all the heirs would receive equal shares of the policy proceeding.
Sil, you may re-read OP's post, IMO that would clarify to you where I'm confused.
Thanks,
Rupert
Posted: Tue Apr 21, 2009 05:29 am Post Subject: re
you should check documents of your mother.it may be that she had told to her friends about insurance
Posted: Tue Apr 21, 2009 06:39 am Post Subject:
Hello eddielkk,
Could you please tell me where this central database is located. Through all my research, I have found that there is no such thing due to the privacy issues and that the insurance companies can not release this information. Please tell us all where this central database is located and how we can access it.
Michael
Well, Michael,
I am not sure about your country, but in my country, those central database for policy holders is kept and updated with the enforcement of our government. It is not accessible to the public, unless you are the insurance agent that has been authorise to view it.
I also getting all my policy info by insurance agent who is actually my good friend. He is helping me to trace neccessary policy of mine. You may check with your insurance agent whether they have such a database?
Regard,
Eddie
Posted: Tue Apr 21, 2009 10:00 am Post Subject:
And, in case of no named beneficiary all the heirs would receive equal shares of the policy proceeding.
I'm convinced that people just make up answers on this board. How is the insurance company going to pay all of the heirs? It won't have any clue as to the indentity of these people. It will typically get paid to the estate. When this happens, hopefully there will be a Will that will determine where the money goes. Otherwise, it will be up to the state.
Posted: Tue Apr 21, 2009 12:04 pm Post Subject:
Hello Eddie,
I have a strange feeling that you are confusing what I am asking. Yes, every insurance company has a database of their policies. However there is no central database in the United States or anywhere else in the world where you can go to for help. There is no central database that connects all the life insurance companies together because of the privacy issues. If I give you my full name and social security number, the only way that you can find out if I have life insurance or not is to call everyone of the insurance companies in the United States and ask them. (last count there where well over 500 of them.) I am an insurance agent, and I know with certainty that there is no such database. This is the reason that I started FindYourPolicy.com. It is a central database where you list low risk information(the company name where you have life insurance at).
If there was a central database, then it would be known by every agent and agency out there. During my research to start our company, I made many enquiries into the government and they also said that there is no central database. The closest you have is the MIB and they have a success rate of only 28%.
Michael
Posted: Thu Apr 23, 2009 06:11 pm Post Subject:
If her husband took out a policy on her and he and/or thier children are the beneficiaries, you will not recieve anything, so it would be pointless in searching for it.
And i thought the beneficiary would be notified by the insurance companies when they (the insurance companies) are notified of the death of the insured.
Posted: Fri Apr 24, 2009 12:27 pm Post Subject: Hello eddielkk
While you wait for Michael's follow-up and in the interest of helping others, could you tell us what country you are talking about. USA or Canada or ?
It would help us all. By the way, many of the people who have responded to this question are agents in USA and have not heard of this "data base". AARP. the US government, and top executives of insurance companies have never hear of this datat base. Check MIB and they never heard of it. So what country are you talking about? You would be helping a lot of people with specifics. Looking forward to hearing from you. Maybe you could get your friend and agent to respond so us other agents can help clients. Respectfully, Jim
Posted: Thu Apr 30, 2009 11:03 am Post Subject:
Thank you for your response:I do not know if there is an insurance policy, the husband will not tell me, I do not know who the beneficiary is and I do not know if I can contest it if it exists. I suspect he had one and I am looking to see if she had a last will.
Hey guys I found this in my inbox. OP you have umpteen suggestions from our members here. I hope you have benefited from the suggestions. If there is any more help we can provide throw in your query at us.
Posted: Thu Aug 06, 2009 07:36 pm Post Subject:
my father passed away in 1988, my mom passed away in 2000
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