reddwj asked in Business & FinanceInsurance · 10 years ago

Is there anyway I can search to see if a life insurance policy was taken out on a person?

3 Answers

  • 10 years ago
    Favorite Answer

    If you are checking because you recently lost a loved one, unfortunately there is no easy solution to your case. The only central database that would enable you to find out who your loved applied for coverage with--MIB (Medical Information Bureau) keeps track of all applications for life insurance policies going back 13 years including name of company and amount applied for. 

As far as I know if you are the Executor of the Estate you can access bank records to see who your loved one paid. The other alternative is that your loved one might have had a safety deposit box at the bank that you might not be aware of. If you are the Executor you should be able to 1) find out if your loved one had a box and 2) if your loved one did the bank will let you open it. 

I can also suggest that you check with the HR Department at your loved one's job since loved one might have made you a beneficiary on your loved one's life policy at work. If not also check with your loved one's auto and homeowners agent--he or she might be the same person who wrote the life insurance or might have referred your loved one to the person. Also if your loved one had an accountant or the family attorney try checking with them since he might have given them the information while writing your loved one's will or checking tax implications of the life policy. Also the attorney might be able to come up with another way to check assets. Did your loved one fill out a Net Worth Statement for anything recently--the information would be listed there.

If there are no other options, you are left with calling companies individually. However, be forewarned the last information I had was that there are over 1800 life insurance companies in the U.S. alone and over a 15 year period many of them might have changed names as a result of mergers, etc. If you have to go this route, first go to the insurance commissioner for your state and have them give you a list of the companies licensed in your state, i.e. not all companies are licensed in every state then with the list first think of the top names of insurance companies on the list--the companies that have the most name recognition and start by calling them, i.e. New York Life, Metropolitan Life, Mutual of Omaha, Sun Life, Trans America Life, AIG, Prudential, Northwestern Mutual, Pacific Life, etc. 

In short this is a daunting task, my bet is that your loved one had a safety deposit box or was covered at work. 

    I hope this information helps. Good luck!

    Source(s): Certified Insurance Counselor, Licensed Insurance Agent & Broker for over 29 years.
  • 4 years ago

    Call a big insurance company like New York Life or find a local insurance company and run the question by them. Each state has different rules in regards to taking out a policy without someone knowing it. I do know if it is legal in your state to do so as long as the person pays the premiums you have no say so in the matter.

  • ?
    Lv 7
    10 years ago


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