– South African Insurance Quotes

Call for a quote:021 818 8315

How to Find Out if Someone had a Life Insurance Policy?

Is There a Way to Find Out if Someone Had a Life Insurance Policy Before They Died?

Unfortunately, there isn’t an easy way. If the policyholder does not inform you of the existence of a policy, it’s difficult to find out if someone had a life insurance policy before they died. Many policies go unclaimed based on long dormancy periods.

The best way to find out if the deceased had a life insurance policy is to check their bank statements for debit orders. Contact the insurance company listed for the debit orders. They will have the details of the policy and beneficiaries. Only beneficiaries are privy to this information.

The executor can also hire a broker to conduct a policy search on the individual’s name. This could identify any further policies that were unknown. Finally, if the deceased had an attorney, they can also be contacted for assistance in finding the life insurance policy, if any.

It can be challenging to determine if someone had a policy after they died. That’s why it’s a good idea to keep a file that your other family members know about and can access. The file should contain all the information they may need should you pass away. Life insurance is important, but it can only benefit your loved ones if they know about it.

Insurance Expert is a professional when it comes to long-term, short-term and medical cover in South Africa. He has the collective knowledge of an insurance litigator and actuary with as many years in the South African insurance industry as Lloyd has in London. Have an insurance conundrum? Ask our Insurance Expert and he’ll source the answer from one of the specialists in our panel.

Resources: TimesLive;

[vc_row css=”.vc_custom_1586440870239{background-color: #16b7e5 !important;}”][vc_column][vc_row_inner][vc_column_inner][vc_column_text css=”.vc_custom_1590756242944{margin-bottom: 5px !important;}”]