Insurance

How to Locate a Lost Life Insurance Policy




I am writing this article to discuss life insurance policies in detail. This article will definitely be helpful to those people who have once lost their life insurance policies. When a loved one dies, one of the first things you have to do in this painful time is access their life insurance policy. However, many times policyholders fail to divulge information to their family members as to where their policy has been stored, for various reasons. Searching for a lost policy, especially when a family is in dire financial need, can be quite a training exercise, more so when you are also trying to come to grips with the loss of a loved one.

How can you make the search for a lost life policy more fruitful, and less stressful? Here are some pointers:

Check the deceased’s bank documents:

Checks and credit cards are the most common ways that people in the US pay their life insurance premiums. The first place to check is your loved one’s check books and credit card statements just to see if any payments were made to life insurance policy (which is also known as ‘police d’assurance dcennale‘ in French expressions) companies. If this doesn’t work, ask the bank for any life insurance-related ECS (electronic clearing service) transfers. Some banks also offer policies at subsidized rates to their customers, so you will need to check with the bank if your loved one’s bank account is linked to any of their policies. You need to check the reviews of the policy before opting it.

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