How do I find out if my deceased mother left me an insurance policy?
How do I find out if my deceased mother left me an insurance policy? Can a financial advisor help?
There, unfortunately, is no easy way to research this information. You can do the following to start your search:
1) Go through your mother's important documents, as there may be a policy or information regarding payments to a policy in those documents that may lead to a specific active policy. Check to see if there was a safety deposit box opened at any local banks that your mother may have used.
2) Ask your mother's accountant,financial planner, attorney and/or tax person if known, as this may have been discussed with one or more of them.
3) You can search through various unclaimed money websites. the upside is that they have access to huge databases that can search multiple states to find available funds. The downside is that there is a cost and sometimes they share in the funds found. If your personal search does not find anything and you feel strongly enough that there may some insurance or other funds out there then you may consider a website like I mentioned.
Hope this helps!
First, please accept my sincere condolences. If you have any statements from any life insurance companies, you can certainly call and report her death. I am not certain of your mother's employment status prior to her passing, but some retirees may still have group life insurance benefits. You can certainly contact the life insurance companies to see if she did have coverage. If she did have an in-force policy, a financial advisor can help you complete the paperwork. I hope this helps.
I'd start with seeing if you can find any evidence of an insurance policy even existing. Check the safe deposit box, her desk, and other places in the home where important docs might be kept.
Another possibility is to review her checkbook/bank accounts for the past year or so. Check to see if a check has been written to pay a premium on a policy.
If you can find a policy number, you can then notify the insurance company of your mom's death. They won't likely share beneficiary information and instead will send a claim form to the address of record. The form will request the return of a death certificate. You'll likely need to prove who you are (and if you're the personal representative of the estate, if needed). If you're not the beneficiary, and it's not "the estate of..." you're likely going to be out of luck. An insurance company will likely only talk to the named beneficiary (or representative thereof)
We would love to be able to help you! However, to get started on the right foot, we have many ?’s to ask you first. We work very much like a doctor would. Keep in mind you just don’t walk into the Doc’s office and immediately get a prescription.
In fact we always say that prescription without diagnosis is malpractice.
So let’s get started…..
Have you found any old statements that make you think this?
If not, what makes you think this?
Check with your state unclaimed funds...https://www.unclaimed.org/
Did your mom have a will / trust?
Many other ?'s for you so give us a call. 443-249-3311
Brett M. Sause, LUTCF®, LTCP®, CLTC®, RFC®, LACP®, FSCP®
Principal & CEO