Life insurance is usually purchased to protect against loss of income in the case of the death of policyholders. It is a good security for your family in case of death.
You will find questions that are raised by beneficiaries after they bury the deceased. Questions such as: how can you know whether your recipient is on the policy? Or how to know whether someone has a life insurance policy before they die?
To find out this information, you need to go to the deceased in the records and credit card or bank check payslips for each premium payment to the insurance company.
This will include all safety deposit boxes and other important documents.
Check with a lawyer, accountant or employer for any information.
Ask family, friends and colleagues for any information they have.
Thursday, 30 July 2009
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beneficiaries unclaimed life insurance policies