Sunday, March 6, 2011

What if a Life Insurance Policy is Lost ?

If your loved one dies and leaves you money in a life insurance policy , but you don't know with which company , what can you do ? Plus if you find out about the policy long  after the death , can you still collect on it ? Well the answer if the policy was paid for during the times the person dies , then yes you can . However , for certain kinds of life insurance policies , even if the family member stopped payment at some point , you may still get a reduced benefit . The real important thing is to make sure that your beneficiares know about the insurance , and that you make note of the company that holds any policies you are the beneficiary of - while your loved one is still alive !  [ ... ]