Finding life insurance documents is not the first thing on your mind when a loved one passes away. It is hard to think about paperwork and policies when grieving, but it is also important to determine whether the person had a valid life insurance policy. Many people have life insurance policies that loved ones are unaware of, and there is up to £2 billion in dormant, unclaimed life insurance policies. Sometimes there are multiple policies that even a spouse may not have known about. Here we look at how to locate lost life insurance.
Did The Deceased Have Life Insurance?
The first thing to do is establish if the deceased had life insurance – not everybody does. Speak with relatives and friends and contact their place of work if they were still employed. If they were retired, their work pension may include a life insurance plan.
If you are still unsure whether they had insurance, try looking through the paperwork. This may sound like a gruelling job, but most people will file things logically, and you could find an organised filing cabinet or folder that leads you straight to the paperwork you require.
Another way to determine if the deceased had a insurance policy is by checking their bank statements for regular payments to an insurance company. You could also contact their legal advisor or accountant if they had one.
Finding the Insurance Provider
If you know the insurance provider, you should get in touch with them directly to determine if the policy is valid. They can help find details about the policy if you do not have all the information needed, as long as you have some key details.
However, some insurance policies are difficult to track for several reasons. The policy may have been taken out many years ago and forgotten about. Also, the documentation may have been lost, or the company could have changed their name, merged, or been taken over.
If you are sure the deceased had a insurance policy but have had no luck locating the details, you may wish to consider using an Asset Hunter service, such as Fleetwood Asset Hunters. Using a comprehensive database, this service will search many insurance providers to see if they can locate information and policies owned by the deceased. You can also use a service such as this to find lost pensions, stocks and shares, land and property.
Contact Fleetwood Asset hunters on 0208 970 7486.