How to Find an Old Life Insurance Policy

If a friend or family member has passed on and you are unsure if there is a life insurance policy in place you will need to do some research to find out if any payments were made on a life insurance policy in the past. Many people do not tell anyone about their life insurance policy which makes it much harder to locate the necessary funds for the funeral and burial services.

Contact the Bank

The best place to start your search for an old life insurance policy is the bank of the recently deceased person. Let them know that the person whose account you need information on is deceased and that you are interested in finding out any information on a potential life insurance policy. They will be able to check all past payments made on the account and provide you with the name of any insurance companies that were issued payments from their account.

Contact the Credit Card Companies

Many people make their insurance payments with a credit card, If the deceased person had a credit card, you can ask the credit card company to look up this information for you. Let them know that the person is deceased, and that you need to know if any payments were made on a life insurance policy with the credit card issued by them. If this information is available they will be able to provide it to you in no time.

Canceled Checks

Look around the home of the deceased person to see if you can locate where they kept their cancelled checks. This may often be in a safe or file box cabinet, Look through all cancelled checks to see if any are made out to an insurance company. If so, contact the insurance company to see if there was a policy in effect for the deceased individual.

Past Employers

Some employees provide group coverage to their employees that include a life insurance plan. Contact any recent or past employers to see if they offered a group life insurance plan to its employees. They can easily look up this information for you and provide you with the information on the insurance company where the individual holds a life insurance policy.