Can I find an old life insurance policy bought for me as a child? I'm over 60 and stepmom still has it on me.

Question

My dad passed away and I need this money. Is this legal? She's just being mean.

A few years ago there was interest on this policy in my name in "Lost Money, but she said it was hers and she won't give me the policy. I need the money more than she. She said nothing was in my Dad's will for me. A very selfish mean woman.

Answer 1

Call the insurance company for information on this policy. You are over 21 years old and it does not make any differences on who hold or pay the policy, you are now the owner. Just remember she does not own the policy if it is in force, you do.

Answer 2

I went through all of the same thing. It all depends on many things. But basically looking at your age range and the likely insurance payouts...... upon his death the company pays his benificaries as he layed out in the papers. It does not matter if the wife tries to change this later as it is a contract. Now he could have said all goes to her (sounds like she is wiley or hiding something) and then it goes to the kids.

The policy still exists? This all depends. Imean if it is enough you could start going in areas she did not even think about.

I did not need the money but I felt that something was wrong. I called the insurance company and they sent me copies of the policy. Then I checked to see what the actual will was with the county.

Long story short...... my father being a good man and having a thought years ago he would want his kids to get soomething. It turned out that the stepmother sold property and got the insurance by saying that she could not get hold of me (I was in Iraq).

Turned out she owed me not only the principle but the judge told me that I could have all........ house, cars, her money and she actually owed me money.

So step is mean? Find ouy what your rights are.

Answer 3

Can YOU find it? Likely not. That means, there is no central database that stores that information.

You're not the policy owner - your dad is/was. The executor of his estate has control over it now. You have NO control over the beneficiary clause - only the policy owner can change it. You can't cash it in, because you don't own it, you're only the "insured life". Likely, it's not even in force any more, if it makes you feel better. If it is, it's likely worth about $100, if that.

Life's too short, let her be mean, don't let it affect YOU.

Regarding the will - check it yourself. If there is a will filed, it's a matter of public record. Just go to the probate court of the county he died in. If there's no will, in most states the spouse gets everything, unless there are minor children (since you're 60, I'm assuming there aren't).

Answer 4

I dont know where all this wild info is coming from.

It may not be exactly what you WANT to hear, but its correct.
Bottom line is... if your name is not the OWNER of the policy, there is nothing you can do. Likewise, if she is not the owner, she cant do anything. Usually, in the case of a child policy that the parent dies first, the policy DOES convert to the childs name as the new owner. If her name appears as the owner, co-owner, or anything like it, it is HER policy.

If you know the company, call them & explain your Dad bought it & died, & ask if you are the new owner. If you are, they will send you paper work, if you are not, they wont go any further with you. Same with your step-mom, if she is not the owner, they wont speak to her.

The only exception to them speaking to you as not being the owner (hint, hint) is if you are the executor to his estate. Then you have legal reasons to gain access to the info.

Good luck!

Answer 5

At - QUOTESTOCOVER.records- you will get costs in basically a couple of minutes RE What term existence coverage coverage could i'm getting for a 60 year previous guy? My father is 60, smoker and taking Zocor. general weight. The costs I actual have seen for a 10 year term for $one hundred fifty,000 are $a hundred and eighty a month. Does that look appropriate? every physique understand a extra reasonably-priced one? relatively I inherit the domicile on the same time as my relative gets the money, so this is all easy. i might make the money and leave my relative because of the fact the beneficiary. thank you

Answer 6

If you know the name of the insurance company find there number and call. Ask them to cross reference your name, your dad's name, where you lived as a child with their policies. They may ask you for other persoanl info before they release the requested policy.

Answer 7

Rights, like accessing cash value, are reserved for the owner of the policy only. The insured has no claim in the matter. You may want to seek legal counsel as far as any stake you may have to your dad's estate.

Answer 8

Since your stepmom bought it, she is the policyowner. Therefore, she has the policy hidden somewhere in the home. You can call the insurance company to cancel the policy and say there is no insurable interest between you and your stepmom.

Answer 9

If you don't know which company it's held with, you may have to get an attorney to threaten her with legal action, and then follow through on it if the threat doesn't do it.

Another option you could try first is to call one of the people search companies, like US Search.com. Call them and tell them your exact situation, and they can look for old records on your dad. It will run maybe $50 to $250 depending on the depth of the search, but it will be cheaper than an attorney if they find something.

Good luck.

*******I'm assuming you mean your dad purchased it, and your stepmom is withholding the company info just to be mean.

Answer 10

If you found it under lost money then they can tell you the name of the company. Contact the company and ask them what you have to do to collect the money.

Step Mom cannot keep the money it is not in her name.